Business Barometer

The debate over "Austerity vs Stimulus" has been a near constant one during the past two years, with supporters on each side promoting the various cases for their chosen solution.

Our data shows that the Austerity measures are having a negative effect on business start-ups and entrepreneurial activity and there is a need for stimulus.

So far this month the good news is that just over 50 Irish Companies were formed every single working day despite the challenging trading conditions.

922 companies have been formed in Ireland this month and over 5,700 have been incorporated in the year to date despite challenging trading conditions. However, company closures for the year are currently just below 6,300 meaning that we are seeing a slide in the level of trading entities within the State.

A breakdown of the industries most affected by closures is below:

Company Start-Ups v Closures 2012

(Worst affected industries)

Industry StartUps Closures Decline
Construction 392 929 -537
Real Estate 181 592 -411
Manufacturing 272 385 -113
Totals 845 1,906 -1,061

As you can see, the above industries have accounted for almost 1,100 company closures already this year. For every 1 start-up in the construction and real estate sectors there were 2 and 3 closures respectively and the manufacturing industry has 42% more closures than start-ups this year.

On a more positive note a number of industries have grown in size this year. Between them, the social & personal services, agriculture, health & social work and IT sectors have added 616 new companies in 2012.

As you can see, existing economic policies are conducive to start-ups and entrepreneurial efforts. However, existing companies are having to close their doors in ever increasing numbers.

Insolvency Notices

1,513

The number of companies that have collapsed this year. This figure is down 5% 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

  • 46 Companies

E8 (Notice Of Appointment Of Receiver)

  • 14 Companies

EXAMINERS

  • 2 Companies

Closures

33

The number of companies that have closed this week.

New Startups

New Companies

  • 328 Companies

New Businesses

  • 648 Businesses

Important Changes

Changed Status

  • 1093 Companies

HIGH COURT NOTICES

  • 3 Companies

Strike off & Struck off Companies

Strike Off

  • 187 Companies

Struck Off

  • 428 Companies

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