Business failures up 17% this year

THE number of liquidations, receiverships and examinerships jumped 17% in the first nine months of the year compared with last year.

It is now expected that up to 1,850 failures will be recorded for the full year, up from 1,570 in 2009.

Figures compiled by FGS show that 1,330 companies were placed in liquidation, receivership or examinership in the first nine months of this year.