Insolvencies steady but companies face 'significant headwinds' for rest of the year 

Majority of insolvencies in hospitality sector, with restaurants 'disproportionately impacted', Deloitte report found

James Anderson, turnaround and restructuring partner, Deloitte Ireland: 'Scarp has proven to be a successful process that saves companies and jobs. It is disappointing that awareness remains low despite a success rate of over 70%.'

Company insolvencies have declined slightly so far this year, but given the significant international trade tensions, businesses are facing “significant headwinds to consider for the rest of the year”.

According to Deloitte, so far this year there have been 407 insolvencies — down by 1% compared to the same period in 2024 — with the majority of these being seen in the services and hospitality sectors.