The number of insolvencies in the third quarter of the year was up 54% on the same period last year.
Between July and September, 185 insolvencies were recorded, compared to 120 during those three months in 2022.
But new data from credit risk analyst, CRIFVision-Net, shows that while insolvencies grew during that period, so too did startups.
5,154 new businesses were created compared to 4,593 in the third quarter of last year.
“Examining the third quarter of this year against last year presents a peculiar picture,” said Christine Cullen, Managing Director of CRIFVision-Net.
“Despite the presence of several global challenges, the determination of local entrepreneurs remains unwavering, showing a robust willingness to invest in new ventures…
Read the full article at: https://www.rte.ie/news/business/2023/1009/1409445-insolvencies-and-startups-both-grew-in-third-quarter/