Five firms go bust daily over six months

ALMOST five companies have gone bust every day from January to June 2011, according to InsolvencyJournal.ie’s latest figures.

The report, compiled by insolvency and liquidation experts Kavanagh Fennell, recorded 819 insolvencies in the first six months of 2011, an increase of over 3% when compared with 792 for the same period in 2010.

The 2011 figures however, show a 32% increase when compared with the first six months of 2009 which totalled 622.