Business Barometer

135 new start-ups were registered daily this May while insolvencies continued to fall.

3,653 company and business start-ups were formed between the 1st and 27th May 2015 - an increase of 24% on the same period last year.

Almost 60% of these new businesses were set up by sole traders while a further 1,394 were corporate entities.

The most popular industry for corporate start-ups was the professional services sector which accounted for almost a third of these.

The wholesale & retail and social & personal services sectors accounted for a further 10% and 9% of start-ups respectively while the construction and hospitality sectors saw increases in numbers of 15% and 27% compared to May 2014.

While start-ups increased across the country, insolvencies dropped by 38% compared to May 2014 with 79 companies going out of business (compared to 128 last May).

The construction sector saw a 48% drop while insolvencies affecting the professional services sector fell by 55%.

Insolvency Notices

474

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.

Appointments

LIQUIDATORS

  • 25 Companies

E8 (Notice Of Appointment Of Receiver)

  • 0 Companies

EXAMINERS

  • 0 Companies

Closures

457

The number of companies that have closed this week.

New Startups

New Companies

  • 44 Companies

New Businesses

  • 513 Businesses

Important Changes

Changed Status

  • 3134 Companies

HIGH COURT NOTICES

  • 2 Companies

Strike off & Struck off Companies

Strike Off

  • 255 Companies

Struck Off

  • 0 Companies

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