Bankruptcies registered in Ireland this year now stands at 300
The number of bankruptcies registered in Ireland to date have increased 8 fold, when compared with figures from 2011.
According to the latest figures from business risk analyst firm, Vision-net.ie, the number of registered bankruptcies stands at 300, with just 35 recorded three years ago.
Dublin reported the highest number, with 77 bankruptcies, followed by Kildare, Cork and Wicklow.
The figures show Dublin reported the highest number of bankruptcies nationally with 77. Followed by 32 in Kildare, 28 in Cork, while Wicklow recorded 22.
But, despite this, the report finds the number of new start-up businesses also continue to grow, with 32,277 company and business start-ups established in 2014, a 3% rise on figures for last year.
In particular, the Irish tech start-up sector is performing strongly with over a 1,000 start-ups established during the first nine months of 2014.
The motor trade has experienced the most significant drop in the number of company failures, with a decline of 36%.
