Companies More SMEs may need to restructure as they pay back warehoused tax debt, Azets warnsNumber of firms entering Scarp is down so far this year, in a sign that immediate pressures on SMEs have ‘abated somewhat’
Companies Insolvencies rose 25% in the first half of the year. Which sectors are most impacted?Two separate studies show that insolvencies have risen to a near six-year high amid challenging business conditions
Companies ‘I will wear this failure as a badge of honour’: Ambisense founder speaks after going out of business
business State officials dismiss prospect of insolvency ‘tsunami’Business failures rose by 25 per cent in 2023, but officials in the department of enterprise say insolvencies are up on ‘historically low’ levels
Legal Liquidator settles reckless trading case against directors in Donegal meat companyMr Justice Oisin Quinn said settlement would allow all parties to “retain control of the outcome” following a four-week hearing
Companies Analysis: Zombie firms must be allowed to die once Revenue debt deadline passesThe end of Revenue’s debt warehousing scheme is likely to cause a spike in insolvencies which experts say shouldn’t be artificially avoided
Tax Rising number of firms consider liquidation as Revenue deadline loomsThousands of firms still owe Revenue €1.65 billion in taxes under the state’s warehoused tax scheme
EU Bunfight over insolvency law and tax reform brews ahead of EU summit EU leaders will also discuss new sanctions against Iran at Taoiseach Simon Harris’ first summit
Companies Increase in newly-registered businesses despite 56 per cent rise in insolvenciesThe increase in newly-registered hospitality firms indicated that entrepreneurs are ‘undeterred’ by the cost of operating in the sector
UK Shutting up shop: Ted Baker to close 15 locations across the UK Eleven UK Ted Baker stores will be shut by the end of next week, with the loss of around 120 jobs
Companies Running out of road: insolvency experts warn of a deluge of business failures in 2024Analysts from PwC and Deloitte expect up to 1,000 firms will go to the wall this year in the face of unsustainable debts, higher interest rates and surging costs
Work Unions challenge employer ‘myths’ around labour reformsOwen Reidy, the general secretary of Ictu, said discussions on ‘modest’ reforms ought to be based on ‘reality and not fantasy’
Companies Business insolvencies surge to highest level in six years as higher costs continue to biteNew figures compiled by Deloitte Ireland show more than 200 businesses failed in the first quarter of this year
Companies Interpath Ireland racks up multimillion-euro loss as it plans to grow to 120 staffInsolvency, restructuring and corporate advisory firm now employs around 80 staff in its Dublin office
Companies Building firms plan investment after surviving wave of insolvenciesAlmost 100 construction firms went out of business last year due to surging wage and materials costs, as well as warehoused tax debts
Companies Mexican burrito chain Tolteca to shutter all four restaurants in DublinThe restaurant chain is the latest food business to close in the reeling hospitality sector
Companies Irish gaming developer WarDucks goes out of business Company founded by Nikki Lannen folds as start-ups across the gaming sector struggle due to a decline in venture capital funding.
Companies Almost 60% of Irish firms forced to write-off bad debts last year as insolvency pressures mountA new survey by Mason Hayes and Curran has found that companies are reporting a sharp rise in bad debts as credit conditions weaken
Companies Insolvencies to reach close to 1,000 in 2024 – reportRetail, hospitality and construction made up over half of all insolvencies in 2023
Economy Business insolvencies surge to highest level in five years as interest rates and inflation biteThe latest figures from Deloitte Ireland show a sharp increase in business failures during 2023, particularly in the construction, hospitality and retail sectors