Number of insolvencies continues to drop

The number of businesses becoming insolvent in Longford has stabilised with no dramatic increase in the number of companies entering a formal insolvency process in the first six months of 2012.

The number of businesses becoming insolvent in Longford has stabilised with no dramatic increase in the number of companies entering a formal insolvency process in the first six months of 2012.

New figures compiled by accountancy specialists RSM Farrell Grant Sparks showed just three companies were insolvent compared with one less 12 months earlier.

This, according to John Coulson, Director in its restructuring and insolvency division, compares favourably to the nine Longford insolvant firms in 2010.