Report: Six firms a day going out of business in Ireland

Up to six companies a day are going out of business in the Republic of Ireland, according to a new report.

The survey by risk agency visionnet.ie also shows that 500 businesses went into liquidation in the first three months of 2011.

Insolvencies, closures and unpaid debt were all up on the previous quarter, while nearly half of companies were showing signs consistent with business failure.