Companies

Corporate insolvencies rise 30% year-on-year as figures return to pre-pandemic levels

Data released on Wednesday represents the highest quarterly level since early 2019

The services sector recorded the highest number of corporate insolvencies in the first half of 2023 at 128, representing more than one third of all insolvencies during the period.

A total of 329 corporate insolvencies were recorded in Ireland in the first half of 2023, according to Deloitte, representing an increase of 30 per cent from the same period last year.

Corporate insolvencies hit 186 between April and June, an increase on the 143 insolvencies recorded between January and March.

The figures released on Wednesday represent the highest quarterly level since early 2019.

Deloitte said the number of insolvencies recorded during the first half ...