Rise in business insolvencies linked to inflation

Increase counterbalanced by a 12% jump in new business startups

Cork experienced the highest number of new insolvency cases for the quarter, totalling 21.

A sharp rise in business insolvencies is being linked to ongoing inflation pressures faced by businesses in all sectors.

Data from CRIFVision-Net for the third quarter shows the number of companies becoming insolvent rose by 54% compared to the same period last year.