Business Barometer

Irish start-ups remained strong between July and September this year; insolvencies for the quarter were up on 2015 but the figure for the year was more encouraging.

Research that we published last week, which covered the majority of Q3-2016 (1st July - 27th September) - revealed that 10,998 Irish companies and businesses were formed - further analysis, which covers the quarter as a whole, shows that this figure rose to 11,493 (up 2% on the same period last year).

Finance was one of Ireland's fastest growing industries for new company start-ups during the quarter with 758 being formed - up 17% on Q3-2015 (647). Professional services remained the most popular industry for new companies and accounted for 18% of these, with finance and wholesale & retail in second and third place respectively (14.6% and 11%).

Dublin remained the most popular location with 47% of new companies being based there, followed by a further 11% in Cork and just over 4% in Galway.

232 insolvencies were recorded for the period 1st July to 27th September this year - up 14% on the same period in 2015 (204). The professional services industry was the most insolvent in Q3 2016, with 44 insolvencies, although this figure was a 4 percent decrease year-on-year. Construction and real estate accounted for a further 18% of insolvencies each.

While the rise in insolvencies was slightly disappointing, figure for the first 9 months of the year revealed that they were down 5% on the same period in 2015.

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Insolvency Notices

686

The number of companies that have collapsed this year. This figure is down 12% 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

  • 26 Companies

E8 (Notice Of Appointment Of Receiver)

  • 3 Companies

EXAMINERS

  • 1 Company

Meetings of Creditors

28th of September, 2016

27th of September, 2016

24th of September, 2016

23rd of September, 2016

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Closures

29

The number of companies that have closed this week.

New Startups

New Companies

  • 370 Companies

New Businesses

  • 557 Businesses

Important Changes

Changed Status

  • 702 Companies

HIGH COURT NOTICES

  • 2 Companies

Strike off & Struck off Companies

Strike Off

  • 252 Companies

Struck Off

  • 179 Companies

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