Business Barometer

Almost 3,100 company and business start-ups were registered in Ireland between the 1st & 27th August this year while insolvencies dropped by 46%.

Our review of start-up numbers this August revealed that 3,094 new companies and businesses were set-up between the 1st and 27th of the month (''the figure for the month as a whole is 3,379'') - an average of 114 per day.

1,366 of the start-ups registered by the 27th August 2015 were companies - 22% up on the figure for the same period in 2014 (1,117). The most popular area for company start-ups to operate in was professional services, which accounted for almost a quarter of new companies formed (361).

During the same period, 58 Irish companies were declared insolvent, down 46% on August 2014 (107). 30 of this August's insolvent companies were based in Dublin but this figure is down 41% on the previous August (51).

Almost a third of the insolvent companies operated in the professional services sector (17). The majority of industries saw drops in insolvency numbers - some significant figures include a 77% drop in construction sector insolvencies (6 v 26) and a 50% drop in the wholesale & retail sector (8 v 16).

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

  • 27 Companies

E8 (Notice Of Appointment Of Receiver)

  • 2 Companies

EXAMINERS

  • 0 Companies

Closures

457

The number of companies that have closed this week.

New Startups

New Companies

  • 157 Companies

New Businesses

  • 547 Businesses

Important Changes

Changed Status

  • 253 Companies

HIGH COURT NOTICES

  • 2 Companies

Strike off & Struck off Companies

Strike Off

  • 232 Companies

Struck Off

  • 0 Companies

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