Surge in company liquidations likely before end of year, agency reports

THE final two months of the year are likely to see a surge in company liquidations, according to business information and risk agency Vision-Net.ie.

Such a trend would likely take to more than 1,500 the number of companies that have gone into liquidation since the beginning of 2010.

In addition, the year to date has seen 33 cases of examinership and 302 receiverships. The number of liquidations – high street retailer, Pulse Accessories, being the latest high-profile one – currently stands at 1,462, albeit down 12% on the corresponding timeframe in 2009.