Over 1,900 company start-ups formed last month.
1,922 new Irish companies were formed in May 2016 - an average of 62 per day - this represents a 34% increase on the figure recorded during the same period last year (1,432).
This is also the second time this year that a monthly company start-up figure has been above 1,900 - this has only happened once in the previous 9 years in Ireland (Dec 2015 - 2,173 new companies formed).
The professional services sector remains the most popular industry for start-ups - 30% (571) of new companies formed last month chose to operate there. The wholesale & retail and social & personal services sectors are the second and third most popular for start-ups accounting for 11% and 10% of new companies respectively.
855 (44.5%) of the new companies are based in Dublin with the next most popular region being Cork (273 start-ups). There is then a sizeable gap to the next three most popular locations (Galway, Limerick and Kildare) which account for another 10% of new companies between them.
86 Irish companies were declared insolvent in May 2016 - an average of an average of just under three insolvencies per day - this figure is in line with what we saw in May 2015 when 84 insolvencies were recorded.
To view further details about any of these companies, simply login to your account today.
The number of companies that have collapsed this year. This figure is down 7% 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.
- 38 Companies
E8 (Notice Of Appointment Of Receiver)
- 7 Companies
- 1 Company
The number of companies that have closed this week.
- 436 Companies
- 658 Businesses
- 658 Companies
HIGH COURT NOTICES
- 0 Companies
- 352 Companies
- 156 Companies