Business failures ‘levelling out’

The number of companies that have gone out of business in the year to date is up by 3% on the same period in 2011, but a “levelling out” of the extent of business failures is becoming evident.

New data from corporate recovery firm, Kavanagh Fennell shows that the total number of corporate insolvencies — for the year up to the beginning of November — stood at 1,547.That constitutes a 3% year-on- year increase.

There were 139 failures noted in November, alone.