126 new companies and businesses were formed daily this April - up 5% on the same time last year while corporate insolvencies fell by 27%.
3,408 start-ups were formed this April - of these 1,350 (40%) were companies with the remainder being businesses.
Company start-ups were 7% up on figures from last April (1,267). A quarter of this April's new companies chose to operate in the professional services sector.
The construction sector continued to see gains with 113 new companies forming (up 11% on last April). The real estate sector also saw an improvement with a 54% increase in new entrants (83 v 54).
83 companies were declared insolvent last month, a drop of 27% on April 2014.
The hospitality sector was worst affected with 15 companies being declared insolvent (up from 10 the previous April).
The majority of industry sectors saw drops in insolvency figures with construction and real estate again faring well with decreases of 23.5% and 33% respectively.
The number of companies that have collapsed this year. This figure is up 17% 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.
- 34 Companies
E8 (Notice Of Appointment Of Receiver)
- 6 Companies
- 0 Company
The number of companies that have closed this week.
- 220 Companies
- 584 Businesses
- 532 Companies
HIGH COURT NOTICES
- 1 Company
- 66 Companies
- 0 Company