The rate of insolvency remained “remarkably steady” in the first three months of the year, according to analysis by PwC.
Its latest Insolvency Barometer shows there were 212 insolvencies in the first quarter, only slightly ahead of the recent quarterly average.
The number represents a rate of 27 insolvencies were 10,000 companies, well below the 21-year average of 49 insolvencies per 10,000 companies.
The highest level of insolvencies was in the retail sector. It accounted for 50 of the cases in the first three months of the year, a 50% increase on the number in the final quarter of 2025.
Despite that, the insolvency rate for the sector remains slightly below the overall average.
PwC said insolvencies in the hospitality sector were broadly in line with the recent average at 32.
It said there was a significant drop in corporate receivership appointments in the quarter, while petitions by Revenue continue to drive cases of court-appointed liquidators.
“Irish companies have shown impressive resilience despite continuous economic challenges,” said Ken Tyrrell, business recovery partner at PwC Ireland. “Hopefully, this stability can continue as new cost pressures unfold resulting from the crisis in the Middle East and wider geopolitical uncertainty.”
