Insolvencies in Ireland fell in the first quarter of 2025, continuing a downward trend from the previous year, according to a new report from PwC.
The professional services firm said there were 192 insolvencies in the first quarter, 14% down on the same period last year.
This was also down 7% on the last quarter of 2024, when there were 207, and was a welcome boost to the Irish economy on the eve of U.S. President Donald Trump’s impending tariffs.
There were 852 insolvencies in total, significantly below the predictions of up to 1,000 made when Revenue closed the Covid debt warehouse last…