The total number of corporate insolvencies to the end of Quarter 3 2016 have totalled 765, according to the latest analysis from Deloitte.
This represents a 3% increase on the same period in 2015 and is a reversal of the decreases seen in the first half of 2016. The total number of insolvencies in the third quarter of the year alone was 255, an increase of 18% on the equivalent period last year.
An analysis of industry sectors shows that the services sector experienced the most corporate insolvencies so far this year, with 220 (29% of the total), up 104% from the same period last year where there were 108 insolvencies.
This is followed by the construction industry at 133 (17%), up from 92 last year, an increase of 45%. Th…
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