Wave of 229 insolvencies in fourth quarter brought total for 2023 to a ‘higher than expected’ total of 717
Scarp
Rising rate of insolvencies in 2024 could be followed by bleak January for small businesses
Total of 663 insolvencies last year, with numbers in hospitality and construction jumping 62%, according to Deloitte Ireland
Non-bank lender has backing of main finance provider and is in talks with two other potential sources of funds to continue to lend into small-business market, according to documents
Small businesses account for vast majority of those still availing of relief but deadline for payment looms alongside threat of insolvency
Six small businesses and 16 jobs saved last week by Scarp recovery process, with over 350 jobs at small firms saved in first full year of operation
The Government and the Revenue Commissioners have shielded many businesses from the full force of the pandemic
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