Positive signs continue as our latest figures show a return to pre-recession levels of company start-ups and a continued drop in the number of corporate insolvencies being recorded.
Our figures for July 2013 (which cover the 1st - 29th of the month) revealed that 1,247 companies were formed; this represents an increase of 28% on the same period in 2012 when 972 were recorded.
Almost 24% of this July's start-ups are operating in the professional services sector, with a further 11% in wholesale & retail, 9% in both social & personal services and IT, and 7% in the construction sector.
The figure for start-ups this month make it the best July for company incorporations since 2008 when 1,291 companies were established.
Further positive news comes with the continued fall in the number of corporate insolvencies.
119 were recorded between the 1st and 24th of this month which is down 6% on the same period in 2012 and 17% on the figure for July 2011.
Almost 43% of these insolvencies affected companies based in Dublin with Cork accounting for a further 11%.
The construction sector was hardest hit by insolvencies this July accounting for almost one in five of them. Real estate, professional services and manufacturing account for a further 18.5%, 15.1% and 10.1% respectively.
The number of companies that have collapsed this year. This figure is down 16% compared to last year
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PREDICTIVE CREDIT REPORTS
Our Credit Reports are predicting over 80% of insolvencies at up to 6 months in advance.
- 49 Companies
E8 (Notice Of Appointment Of Receiver)
- 14 Companies
- 0 Companies
The number of companies that have closed this week.
- 359 Companies
- 551 Businesses
- 840 Companies
HIGH COURT NOTICES
- 2 Companies
- 260 Companies
- 190 Companies