25% drop in number of insolvencies

Construction industries represent a fifth of all insolvencies

There has been a 25% drop in the number of insolvencies in the third quarter of the year - compared to the same period last year.

The latest figures Vision-net show that Dublin accounted for most insolvencies at 37%- followed by Cork with 15% and Kildare with 7 per cent.

Kilkenny, Laois, Mayo, Carlow, Leitrim, Monaghan, Roscommon and Longford all recorded company insolvency rates of less than 1%.

Of the 359 insolvent companies, 207 were liquidated, 145 entered receivership, and an examiner was appointed to 7.

The construction industry represents a fifth of all insolvencies recorded - followed by real estate - professional services - manufacturing and wholesale and retail.

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