New Statistics released recently reveal a significant increase in insolvencies in the month of February. The number of companies that went out of business in February was up by 33% – from 110 in January to 146. Statistics show that approximately five businesses per day went bust.

The number of companies going into receivership appears to be slowing down however, with only 17 receivers appointed in February as compared to 21 in January.

Full Newsletter: SHINE A LIGHT ON YOUR BUSINESS May 2010

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Tags: corporate receivership, Ireland insolvencies, Ireland wealth protection, Rate of Insolvencies