******* Business Insight ********
As of early 2025, both Ireland and the UK are experiencing notable increases in business insolvencies.
In Ireland, 2024 saw 875 corporate insolvencies—the highest since 2016—with forecasts suggesting this number could surpass 1,000 in 2025. Sectors such as services, hospitality, retail, and construction are particularly affected. "deloitte.com"
In the UK, insolvency rates remain elevated, with around 22,000 company insolvencies recorded by November 2024 and an expected annual total of approximately 24,000. This trend is anticipated to continue into 2025, with certain sectors like hospitality, retail, and construction facing significant challenges due to rising operational costs and changing consumer behaviors.
At Remedy Credit Control Solutions, we understand the pressures businesses face in these challenging times. We are here to assist businesses navigate financial difficulties, offering expert guidance to manage credit effectively and explore viable solutions. Early intervention is crucial; if your business is experiencing financial strain, don't hesitate to reach out to us for support.
Contact Ireland: 021 4508948 or mobile: 083 8259773
Email: denise@remedyccs.ie
Visit out website: www.remedyccs.ie