Business Barometer

A review of the trends seen in the first 9 months of this year has revealed continued improvement in terms of insolvencies, bad debts & start-ups.

From a statistical point of view, 2016 has been a positive one and has built on the successes recorded last year. In order to better highlight this, we've reviewed the key figures in terms of insolvencies, debts and start-ups.

Insolvencies:

Insolvencies recorded between January and September this year are down 5% on the same period in 2015 (727 v 762) - an average of just under 3 per day. The professional services sector was the hardest hit by insolvencies and accounted for 19% of the recorded cases with construction just behind on 18%.

Dublin and Cork were home to over half of the insolvent companies with 42% based in Dublin and a further 10% in Cork.

Bad Debts:

In addition to the drop in insolvencies - the first nine months of 2016 also saw a drop in judgment awards for failure to repay debts. Almost E204m was awarded in 2,300 separate bad debt judgment cases - a reduction of 45% on the same period in 2015 (E371.7m). Over two thirds of judgments were against consumers and these had a value of E180.9m (down 47% on 2015 - E343.3m) with a further E22.8m awarded against companies.

Start-Ups:

35,698 new companies and businesses were formed between January and September this year - up 3% on the same period in 2015 - an average of just over 130 new entities per day.

Almost 15,800 start-ups were new companies and almost one in five of these chose to operate in the professional services sector. The next most popular industry for company start-ups was finance which saw over 2,100 entities formed.

For more details, and our one page infographic, on the key trends from the first nine months of the year simply click the following link - https://www.vision-net.ie/news/learn-more-about-the-key-corporate-trends-from-the-first-9-months-of-2016/.

To view further details about any company, business or director in Ireland or the UK, simply login to your account today.

Insolvency Notices

1,112

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.

Appointments

LIQUIDATORS

  • 43 Companies

E8 (Notice Of Appointment Of Receiver)

  • 6 Companies

EXAMINERS

  • 1 Company

Meetings of Creditors

11th of October, 2016

8th of October, 2016

7th of October, 2016

6th of October, 2016

Read More

Closures

282

The number of companies that have closed this week.

New Startups

New Companies

  • 367 Companies

New Businesses

  • 303 Businesses

Important Changes

Changed Status

  • 908 Companies

HIGH COURT NOTICES

  • 0 Companies

Strike off & Struck off Companies

Strike Off

  • 265 Companies

Struck Off

  • 368 Companies

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