Conditions on the ground in Ireland may be improving, according to new figures published by Vision-net, which show that new business formations in Ireland have outpaced insolvencies so far this year, despite four insolvencies each day.
The figures show that there were 121 company insolvencies in the period January 1, 2012, to January 29, 2012 - down 19% on the same period of last year. Business registrations during the same period were up 12% at 1,173.
Of the 121 companies placed into insolvency, 81 were subject to liquidation whilst the remainder were placed into receivership.
The report says that most firms had failed due to poor debt management. The research shows that the companies most likely to be made insolvent in Ireland are those engaged in hospitality, while construction firms are still considered high risk, followed by those engaged in the healthcare and agricultural sectors.
.Tags: tax | offshore | business | health care | tax havens | corporation tax | Ireland | tax breaks | fiscal policy | construction | travel and tourism | private healthcare | Ireland
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