Corporate insolvencies up 30% as end of pandemic supports bring numbers back to 2019 levels

Despite the recent surge in closures, insolvency numbers still remain around 30% below 2017 and 2018 levels

In the first half of 2023, a total of 243 Creditors’ Voluntary Liquidations (CVLs) were recorded, representing just under three-quarters of total insolvencies during the period

Corporate insolvencies have risen by almost a third with 329 businesses closing their doors in the first six months of 2023.

According to the latest insolvency statistics by Deloitte, the figure points to a return to 2019 levels, prior to the implementation of government supports for businesses during the pandemic.