Company insolvencies drop this year

The number of firms becoming insolvent has dropped by 18% during 2013, according to research carried out by business and credit risk analyst Vision-net.

The findings show the number of company and business start-ups have grown by 9.4% in the year to date, when compared with the same time last year.

In November, 130 companies - representing five each day - were declared insolvent, 58% of which have a Dublin-registered address.