17% decline in number of firms declared insolvent

There has been an almost 20% decline in the number of business going bust in the first six months of this year compared to the same period last year.

Figures from the company information service Vision- net show that there have been 812 companies declared insolvent this year down 17% on the first six months of last year.

According to their latest filed accounts, 537 of the companies who have gone bust owe their short-term creditors €155m.