Friday August 7, 2020

Corporate insolvencies fall 13% in first quarter

Corporate insolvencies fell 13 per cent to 303 year-on-year for the first quarter of 2014, according to new figures.

9th April, 2014

Corporate insolvencies fell 13 per cent to 303 year-on-year for the first quarter of 2014, according to new figures.

The study from corporate recovery and insolvency experts Kavanaghfennell showed declines across most industry sectors bar the motor trade. Insolvencies in the construction sector fell 29 per cent to 64 during the period, with double digit falls also recorded in the retail and hospitality sectors too.

By contrast, there were 12 insolvencies in the motor trade, a rise of 33 per cent.

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