Four companies go bust every day

THE number of insolvencies fell slightly last month following a rise in September but the overall figure for 2010 is set to be higher than last year.

Four companies a day went out of business from January to October but the construction sector is continuing to show a marked fall in insolvencies.

Figures released by InsolvencyJournal.ie show 1,250 companies have gone bust from the beginning of 2010 to the end of October, a rise of over 10.5% on the same 10-month period last year.