The number of retail and hospitality business insolvencies declined throughout 2025 as the overall number of company closures remained steady, new data from professional services firm PwC shows. The latest PwC Insolvency Barometer shows the number of insolvencies recorded in 2025 hit 848 which is down from the 868 recorded in 2024. “This sustained decline may reflect improved trading conditions, stronger consumer sentiment along with possible successful restructuring efforts within the sector,” PwC said. Hospitality sector insolvenciesThe hospitality sector also saw an 8% drop in insolvencies last year with 141 recorded. Dublin, Cork, and Galway accounted for 70% of all insolvencies recorded in 2025, with Dublin alone responsible for 55%.

Source: Irish Examiner January 05, 2026 00:09 UTC