It's not all bad news! Would you like to view the Company Startup Breakdown?
|Year||Company Closures||Difference||% Diff.|
|Fourth Quarter, 2020||2,513||-565||-18.36%|
|Fourth Quarter, 2019||3,078||-448||-12.71%|
|Fourth Quarter, 2018||3,526||+774||+28.12%|
|Fourth Quarter, 2017||2,752||---||---|
For the Fourth Quarter of this year, company closures are down 8.68% on the 2017 figures.
|Year||Company Liquidations||Difference||% Diff.|
|Fourth Quarter, 2020||1||-183||-99.46%|
|Fourth Quarter, 2019||184||-113||-38.05%|
|Fourth Quarter, 2018||297||-183||-38.12%|
|Fourth Quarter, 2017||480||---||---|
For the Fourth Quarter of this year, company liquidations are down 99.79% on the 2017 figures.
|Year||Company Closures||Company Liquidations||% Liq.|
|Fourth Quarter, 2020||2,513||1||0.04%|
|Fourth Quarter, 2019||3,078||184||5.98%|
|Fourth Quarter, 2018||3,526||297||8.42%|
|Fourth Quarter, 2017||2,752||480||17.44%|
On average, 7.97% of company closures are likely to result in a liquidator being appointed.
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Confidence has been reduced and uncertainty has increased, forcing Irish businesses to implement many different preparations.
Open Banking is a term many might not have heard of but it won't be the last time you hear of this new initiative that is set to transform the way we use banking and financial services