The number of insolvencies rose by 13% in the first half of 2017 compared to the same time last year, new figures show today.
The figures from business and credit risk analyst Vision-net.ie. show that 569 companies were declared insolvent in the first six months of the year, up from 502 in 2016.
However, Vision-net also said that nearly 1,900 new company start-ups were formed, on average, each month in the first half of this year, up 6% on the same time last year.
With the exception of June, company start-ups were up every month compared to 2016 – including by almost 20% in January and 9% in April.
Today’s figures show that the most popular sector for company start-ups was professional services.
Almost one in five new …
Read the full article at: https://www.rte.ie/news/business/2017/0710/889103-vision-net-insolvencies/
