While there has been very little variation in the popularity of industries that Irish start-ups choose to operate in over the past decade, three in particular have bucked this trend.
The professional services sector in Ireland is by far the most popular for start-ups, currently accounting for approximately one in four of the 12,153 new companies formed this year.
This represents an increase in popularity of almost 7% when compared to figures from 2003 when just under 19% of start-ups chose to operate in that sector.
While the professional services sector has increased in popularity over the past decade, the same can't be said for the construction and real estate sectors.
Ten years ago these industries were the second and third most popular for start-ups accounting for 14% and 13% of them respectively.
Today, these two sectors are now responsible for combined total of just 10% of start-ups (construction - 6%, real estate - 4%).
The number of companies that have collapsed this year. This figure is up 49% 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.
- 56 Companies
E8 (Notice Of Appointment Of Receiver)
- 5 Companies
- 0 Company
The number of companies that have closed this week.
- 329 Companies
- 342 Businesses
- 531 Companies
HIGH COURT NOTICES
- 7 Companies
- 215 Companies
- 0 Company