The new company registration mainly fails between the month of March and May 2020, along with the possible introduction of restrictions in order to reduce the rate of growth due to the covalent pandemic, and this decline has taken place in different sectors. The initial shock of the pandemic has been going side with the reduction in registrations, and the rate started to fail to 5% in the month of April and 6% in the month of May and all these months have the lowest company registration related rates (Kim, Parker and Scholar, 2020).
The rate was also effective strongly over the summer that had already written to the pre-pandemic levels. The insolvent liquidation rate was 0.25% before the global financial crisis and the shock of COVID-19. The decline in insolvency is considered as the inability of the company in order to convince the meetings of creditors. The companies of Ireland and focusing on three different pieces of action.