Irish insolvencies dipped slightly in 2025, but unemployment rose and liquidations nearly doubled.

Irish corporate insolvencies fell slightly to 848 in 2025, down from 868 in 2024, according to PwC, though levels remain above 2023’s 736. The retail and hospitality sectors saw declines, but both still face high failure rates. Liquidations nearly doubled to 113, with increased enforcement by Revenue Commissioners. Unemployment rose to 4.9%, and PwC warns each 1% increase could add 245 insolvencies. Despite lower SCARP usage, examinership activity more than doubled. Dublin, Cork, and Galway accounted for 70% of cases.