Home > General > 129 Irish companies were declared insolvent last month

129 Irish companies were declared insolvent last month

Written by Business World, on 2nd Nov 2015. Posted in General

article headline

The latest figures from Vision-Net.ie, show that 129 Irish companies were declared insolvent last month, a figure down 12% year-on-year. 

Dublin was the most insolvent county, accounting for 57% of all insolvencies in Ireland; though this figure is down 19% on the same period last year. Counties Cavan, Laois, Leitrim, Longford and Roscommon were not affected by insolvency.

Accounting for a quarter of all insolvencies, the finance industry was the most insolvent last month, rising by 250% year-on-year, from 10 to 35. Professional services insolvencies declined by 59% from 41 to 17, while real estate insolvencies dropped dramatically by 89%, from 35 to 4.
 
Source: www.businessworld.ie 
 

More articles from General

image Description

Technology and clothing top popular gifts for Father’s Day

Read more
image Description

Should You Get Ready for 5G Network?

Read more
image Description

Irish business delegation looks for opportunities in US

Read more
image Description

Enterprise Ireland launches €750k Competitive Start Fund for women entrepreneurs

Read more
image Description

Blackwater Distillery secures €3m contract to supply Aldi

Read more