Insolvencies to hit 900 this year amid rising cost of doing business

Total insolvencies declined by 7% in 2025 to 812, according to Deloitte

Turnaround and restructuring partner at Deloitte Ireland James Anderson.

Professional services firm Deloitte has forecast the number of corporate insolvencies to reach 900 during 2026 as ongoing cost challenges are expected to have a “disproportionate effect” on small and medium-sized businesses in both the hospitality and retail sectors.

According to Deloitte’s figures, there were 812 corporate insolvency appointments recorded in 2025 — a 7% decrease compared to 2024.