Galway Bay Fm newsroom Six Galway-based hospitality businesses have been declared insolvent in the past three months.
New figures from VisionNet show that in total, 14 companies across Galway were made insolvent in the third quarter of this year.
The latest figures show despite a jump of 75% in insolvencies compared to the same period last year, start-ups across the city and county are performing well.
227 new companies were established in the last three months.
Thats an increase of over 7% on the figure for 2015.
The majority of new companies are in the professional services, social services, construction and retail sectors.
Read the full article at: http://galwaybayfm.ie/galway-start-ups-performing-well-hospitality-sector-takes-insolvency-hit/
