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Dublin: 13 °C Wednesday 15 July, 2020
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849 Irish companies dissolved in June

Statistics released this month show that liquidators have been appointed to 47 Irish companies this week alone.

Image: John Birdsall/John Birdsall/Press Association Images

ALMOST 40 IRISH companies were dissolved each working day of June this year.

The figure was released by Vision-net.ie today, who reports that companies between 2 – 3.9 years old were the most affected.

Vision-net showed that 13 per cent of those dissolved were under two years old; 21 per cent were 2 – 3.9 years old; 17 per cent were 4 – 5.9 years old; 10 per cent were 6 – 7.9 per cent years old and 10 per cent were 8 – 9.9 years old.

This shows that both established companies and newer companies are experiencing difficulties in the current climate.

Liquidators have been appointed to 47 Irish companies this week, while receivers were appointed to 24 companies.

So far this week, 363 companies have been dissolved around the country.

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However, there have been 304 new company set ups during the same period.

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