Business Barometer

Final figures for Quarter 3 of this year revealed a 24% drop in Irish company insolvencies and a 15% increase in company start-ups.

382 Irish companies were declared insolvent in the third quarter of 2013 - an average of approximately four per day - this represents a drop of 24% on the figure for the same period in 2012 (505).

Dublin and Cork accounted for just over 50% of these insolvencies between them - 37% and 15% respectively.

In terms of industry, the construction sector was hardest hit and accounted for one in five insolvent companies. Real estate, professional services and manufacturing were next hardest hit making up a further 36% of insolvencies.

3,795 Irish company start-ups were recorded in Quarter 3 this year - an average of 41 per day. This is an increase of 15% on Q3 - 2012 where 3,310 new companies were incorporated.

The most popular industry for start-ups this quarter was the professional services sector which accounted for a quarter of all new companies.

A further 35% of start-ups chose to operate in one of the following industries - wholesale & retail, social & personal services, IT or hospitality.

Insolvency Notices

1,112

The number of companies that have collapsed this year. This figure is down 7% 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.

Appointments

LIQUIDATORS

  • 52 Companies

E8 (Notice Of Appointment Of Receiver)

  • 2 Companies

EXAMINERS

  • 2 Companies

Closures

282

The number of companies that have closed this week.

New Startups

New Companies

  • 343 Companies

New Businesses

  • 489 Businesses

Important Changes

Changed Status

  • 975 Companies

HIGH COURT NOTICES

  • 0 Companies

Strike off & Struck off Companies

Strike Off

  • 312 Companies

Struck Off

  • 0 Companies

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