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State saved 4,500 companies from going bust during pandemic – report

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‘Debt overhang’ of at least €10bn as recovery begins, estimates PwC analysis via IrishTimesBiz

The report found that Kilkenny and Dublin had the highest rates of business failures last year at 25 and 24 per 10,000 companies respectively, while Cork had an average of 12.

The report said retail , hospitality and construction had a much lower than expected level of insolvencies, and suggested this may be indicative of State supports targeting those job-intensive service sectors. The rate in Northern Ireland was 14, which was significantly lower than Scotland and England/Wales .

 

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