The number of firms going out of business or seeking court protection in a bid to survive jumped 14%, to 347, in the last three months when compared to the first quarter of the year.

Insolvencies among corporates fell by one fifth in 2013 compared with the previous year with all sectors, apart from the motor trade, seeing a pick-up, according to the website insolvencyjournal.ie.

This year is expected to show a near 24% decline in the number of companies going out of business or needing court protection to survive.

The number of companies going out of business, or needing court protection to survive is falling.

There has been a 20% fall in the numbers of business failures in the first three months of 2013 compared to the same period last year.

THIRTY-SEVEN jobs at a company that provides software for mobile phones have been secured after the Revenue Commissioners withdrew an application to have the firm wound up.

As many as 1,600 companies could face insolvency by the end of this year, according to new figures from InsolvencyJournal.ie.

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