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129 Irish companies were declared insolvent last month

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

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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 
 

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