Four companies go bust every day

FOUR companies a day went out of business in the first seven months of this year.

New insolvency figures show that July saw a 9% increase in the number of company failures when compared with June; with 152 companies going bust.

InsolvencyJournal.ie also recorded a total of 971 failures for the first seven months of the year. The latter figure represented a 6% year-on-year increase.