4,500 companies saved from going bust during pandemic

The author of the report said that while the businesses avoided insolvency, they will need further support to repair their balance sheet.

Overall, the insolvency rate per 10,000 companies was 14 in 2021, which was down 87% from its peak in 2012."Kilkenny had the highest number of insolvencies, with 25 business failures per 10,000 companies - higher than Dublin at 24," Mr Tyrell said."Cork performed well averaging only 12 insolvencies per 10,000 companies, half of Dublin's rate."

At the other end of the spectrum, due to the strong performance of the FDI sector and the ability of these workers to easily transition to working from home during the pandemic, PwC's analysis shows that the lowest rates of insolvencies per 10,000 during 2021 were in the Information & Communications, Professional, Scientific & Technical sectors.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

State saved 4,500 companies from going bust during pandemic – report‘Debt overhang’ of at least €10bn as recovery begins, estimates PwC analysis via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

4,500 businesses kept afloat with government supports during pandemic | Business PostNew report indicates that many retail and hospitality businesses evaded insolvency with the help of state aid but are currently on ‘life support’
Source: businessposthq - 🏆 8. / 71 Read more »

Stripe teams up with Bodum to help company grow onlineStripe teams up with Bodum to help company grow online via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Brokers attack CCPC, 4,500 companies saved in Covid, and air fares to riseBrokers attack CCPC, 4,500 companies saved in Covid, and air fares to rise via IrishTimesBiz
Source: IrishTimesBiz - 🏆 6. / 77 Read more »