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.
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team