Business Barometer

Company start-ups on track to reach pre-recession levels this year.

1,457 new companies were formed in Ireland this November - up 11% on November 2013's figure (1,315) - an average of 48 start-ups per day.

That continues the positive trend we've seen with company formations this year with every month showing a higher number of start-ups than it did in 2013. In fact, the figure for company start-ups in all of last year (15,662), was surpassed on November 20th when this year's figure reached 15,686 - this has since risen to 16,601.

The three most popular industries for start-ups this November were professional services, wholesale & retail and social & personal services. There was also positive news for the real estate, transport & logistics and motor sectors which all saw increases in start-ups of over 60% compared to November 2013.

Further positivity in November came from a drop in corporate insolvencies. 108 companies were declared insolvent last month which is down 19% on last November's total (133).

The majority of insolvent companies were located in Dublin (65%) with a further 11% based in Galway and Limerick (6.5% and 4.6% respectively). The majority of industries saw a drop in the number of insolvencies affecting them compared to November 2013 with construction showing the most notable decline, dropping from 28 cases to 13.

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

  • 30 Companies

E8 (Notice Of Appointment Of Receiver)

  • 2 Companies

EXAMINERS

  • 0 Companies

Meetings of Creditors

1st of December, 2014

29th of November, 2014

28th of November, 2014

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Closures

282

The number of companies that have closed this week.

New Startups

New Companies

  • 427 Companies

New Businesses

  • 296 Businesses

Important Changes

Changed Status

  • 760 Companies

HIGH COURT NOTICES

  • 0 Companies

Strike off & Struck off Companies

Strike Off

  • 158 Companies

Struck Off

  • 56 Companies

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