ALMOST five companies have gone bust every day from January to June 2011, according to InsolvencyJournal.ie’s latest figures.

An average of six companies folded per day in the first quarter of 2011, it has been revealed.

Four companies a day went out of business over the last 11 months, according to a new survey.

THE number of insolvencies fell slightly last month following a rise in September but the overall figure for 2010 is set to be higher than last year.

Figures released today by InsolvencyJournal.ie reveal the number of companies in Ireland becoming insolvent has risen sharply in September following a seasonal low in August.

ENTREPRENEURSHIP is alive and well as the number of new businesses registered soared 20% in the last year.

A TOTAL of 917 companies went bust in the first seven months of 2010 as the impact of the recession continued to hit businesses hard.

Four companies went out of business every day between January and June of this year, according to new solvency figures from InsolvencyJournal.ie.

THE number of firms that went bust soared by 27% in the first half of this year compared with last year.

Company records showed the rate of insolvencies has fallen for the third month in a row but the number of businesses shutting their doors for good was more than 25% higher this year than the same period in 2009.

MORE than 400 companies have been declared insolvent in the first three months of 2010, a more than 200% increase on the same period in 2008.

Figures released today show a 25% increase in business insolvencies in the first quarter of 2010 compared to the same period last year, up from 320 to 402.

AN average of five companies per day went out of business last month, as the rate of business failures jumped by 33% on January’s levels.

THE number of Irish companies going insolvent increased by 82% in 2009, but fewer companies are going the examinership route in a bid to trade out of their difficulties.

FOUR companies a day are going out of business with the number of insolvencies expected to hit an all-time record of more than 1,400 by the end of the year.

NINE recruitment firms have gone out of business since the start of the year as the sector has taken a “hard hit”.

A RETAIL outlet is closing on average every day amid warnings 32,000 more jobs will be lost in the sector.

DUBLIN-BASED Adwalker, which supplied wearable advertising, has been wound up and a liquidator has been appointed to the Ark Retail fashion group.

FOR the first time in six years more businesses failed than were created in a six-month period.

THE number of firms that will collapse this year will hit levels never before seen in the State.