Figures show fall in company insolvencies

The number of companies being declared insolvent dropped by almost a third last month, according to figures released by Vision-net.

The business and credit risk analysts say that nearly 40% of companies declared insolvent were in Dublin.

Cork had just over 15% and Galway at 6.5%.

The number of insolvencies in the construction sector fell by 7.5%, when compared with the same period last year.

However, the wholesale and retail sector accounted for almost a fifth of insolvencies.