Startup numbers rise in August

The number of insolvencies last month fell by almost 50% on the same period in 2014, while more new companies were established this month.

Some 49 fewer insolvencies were recorded during August, with the construction industry showing the largest decline in insolvent companies, down 77%.

Dublin accounted for more than half of the insolvent firms, despite a 41% decrease in the number of cases recorded, with Carlow and Cork the second and third most insolvent counties, according to figures provided by credit risk analysts, Vision-net.ie.