33% of examinerships successful last year as five businesses fail each day

JUST one-in-three examinerships were successful last year with figures showing close to five businesses failed each day over the last three months.

Last year 1,570 Irish companies went into liquidation, receivership or examinership, up 108% on 2008, according to figures from financial advisory firm FGS.

It said that of concern is that there was no apparent slowdown in the rate of failures as 435, or 28%, of the failures occurred in the final three months of last year.