Insolvencies 17pc lower in first half – Vison-net

So far this year, 182 companies in Ireland have been declared insolvent, which is 17pc lower than the same period last year, according to business and credit risk analyst Vision-net.

Of the 812 insolvent companies, 559 were liquidated, 243 entered receivership, and an examiner was appointed to ten.

Dublin accounted for most insolvencies (41pc), followed by Cork with 12pc, and Kildare with 5pc.

Kilkenny, Carlow, Cavan, Leitrim, Roscommon, Laois, Sligo and Longford all recorded company insolvency rates of less than 1pc.

The professional services sector accounted for 18pc of insolvencies so far this year, followed by construction with 17pc, wholesale and retail with 14pc, real estate with 13pc, and manufacturing with 10pc.

Vision-net’s figures show that the first half of the year recorded 21,134 company and business start-ups – broadly in line with the same period last year. Of that figure, 13,551 were new business names, and the rest were company incorporations.