Business Barometer

An increase in new company formations is leading to a shortage of office space and playing a part in boosting construction and real estate sector start-ups.

Figures from a recent report published by Savills indicated that Ireland is experiencing an increased demand for commercial office space. One factor in this increase is the rise in company start-ups we've experienced so far this year.

According to our figures a surge of 4,438 new companies were started in Q1 this year, a figure up 21% on the average number of start-ups seen in Q1 over the previous 5 years (3,657).

These new companies are driving an increase in demand for commercial space which is influencing a measured revival of both the construction and real estate sectors.

There were 332 start-ups in the construction sector in Q1, a 16% increase on the average number of construction industry start-ups in Q1 over the 5 years since the recession began. A further 209 of the quarter's start-ups operate in the real estate sector - this is up 70% on the average number of real estate start-ups in Q1 over the previous 5 years (123).

Insolvency Notices

686

The number of companies that have collapsed this year. This figure is down 12% compared to last year
Click here to view the list


PREDICTIVE CREDIT REPORTS

Our Credit Reports are predicting over 80% of insolvencies at up to 6 months in advance.

Appointments

LIQUIDATORS

  • 28 Companies

E8 (Notice Of Appointment Of Receiver)

  • 27 Companies

EXAMINERS

  • 0 Companies

Closures

29

The number of companies that have closed this week.

New Startups

New Companies

  • 363 Companies

New Businesses

  • 634 Businesses

Important Changes

Changed Status

  • 566 Companies

HIGH COURT NOTICES

  • 2 Companies

Strike off & Struck off Companies

Strike Off

  • 211 Companies

Struck Off

  • 0 Companies

Missed A Barometer?

View Previous Business Barometers: