Insolvency Statistics 2010 - 1000 + firms have closed

[C. Flower]

http://www.irishtimes.com/newspaper/breaking/2010/0901/breaking21.html

After a steep climb, insolvencies flattened in August, but are expected to increae again to the end of the year.


Over 1,000 companies have gone out of business so far this year, according to new figures released today.

The data, compiled by compiled by accountancy firm Kavanagh Fennell, show that 1,012 companies collapsed between January and August, an increase of 14 per cent on the same period last year.

[Gruffalo]

That sounds like a lot. Some of them will be companies who deserve to be gone but most of them are bound to be genuine companies who will have suffered for the greed of others e.g. credit tightening due to the banking crisis.

[Slim Buddha]

The calm before the storm.