Company start-ups on track to reach pre-recession levels this year.
1,457 new companies were formed in Ireland this November - up 11% on November 2013's figure (1,315) - an average of 48 start-ups per day.
That continues the positive trend we've seen with company formations this year with every month showing a higher number of start-ups than it did in 2013. In fact, the figure for company start-ups in all of last year (15,662), was surpassed on November 20th when this year's figure reached 15,686 - this has since risen to 16,601.
The three most popular industries for start-ups this November were professional services, wholesale & retail and social & personal services. There was also positive news for the real estate, transport & logistics and motor sectors which all saw increases in start-ups of over 60% compared to November 2013.
Further positivity in November came from a drop in corporate insolvencies. 108 companies were declared insolvent last month which is down 19% on last November's total (133).
The majority of insolvent companies were located in Dublin (65%) with a further 11% based in Galway and Limerick (6.5% and 4.6% respectively). The majority of industries saw a drop in the number of insolvencies affecting them compared to November 2013 with construction showing the most notable decline, dropping from 28 cases to 13.
The number of companies that have collapsed this year. This figure is down 24% 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.
- 30 Companies
E8 (Notice Of Appointment Of Receiver)
- 2 Companies
- 0 Company
The number of companies that have closed this week.
- 427 Companies
- 296 Businesses
- 760 Companies
HIGH COURT NOTICES
- 0 Company
- 158 Companies
- 56 Companies