Subscribe Login
Retail

Retail/Wholesale Insolvencies Up 3% Year-On-Year In February

By square1
Retail/Wholesale Insolvencies Up 3% Year-On-Year In February

The latest Business Barometer report from Solocheck has found that the number of insolvencies in the wholesale and retail sector was up 3% year-on-year in the month of February.

This compares with an overall decrease in Irish company insolvencies, which dropped 31% year-on-year. 93 Irish companies were declared insolvent between February 1st and 24th, the report stated, a decrease of close to a third from a year earlier.

The wholesale and retail sector accounted for 19% of company insolvencies recorded during the month, the highest proportion by sector.

The construction sector, meanwhile, showed the most improvement, accounting for 14% of the insolvencies recorded, down from 21.5% in the previous February.

An average of 50 new companies were set up each day in the month of February, resulting in a total of 1,214 companies for the month.

© 2014 - Checkout Magazine by Stephen Wynne-Jones

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

Stay connected with our weekly newsletter
Enjoy the most important stories from the world of Irish grocery retail, curated for you by our team of experts every week.
Stay connected with our weekly newsletter
Stay connected with our weekly newsletter
Enjoy the most important stories from the world of Irish grocery retail, curated for you by our team of experts every week.
Stay connected with our weekly newsletter