Drop In Number Of Commercial Insolvencies: Deloitte.

Monday, 5 July 2021 09:11

169 firms went out of business in the first half of the year.

Fewer businesses went into insolvency in the first 6 months of the year compared to the same time last year.

Figures from Deloitte show 169 firms went out of business between January and June, a fall of 38 percent.

The number of insolvencies dropped in Leinster and Munster while increasing in Connacht and Ulster.

‘Activity likely to be influenced by ... measures introduced to support firms during pandemic’ https://t.co/cp1xgG09yG via @IrishTimesBiz
— Irish Times Business (@IrishTimesBiz) July 5, 2021

Some of the sectors affected include services, construction, retail and hospitality.

Partner at Deloitte David Van Dessel says Government supports have helped to keep the lights on in many firms:

David van Dessel says it shows the Government’s supports are working.

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