Almost 3,100 company and business start-ups were registered in Ireland between the 1st & 27th August this year while insolvencies dropped by 46%.
Our review of start-up numbers this August revealed that 3,094 new companies and businesses were set-up between the 1st and 27th of the month (''the figure for the month as a whole is 3,379'') - an average of 114 per day.
1,366 of the start-ups registered by the 27th August 2015 were companies - 22% up on the figure for the same period in 2014 (1,117). The most popular area for company start-ups to operate in was professional services, which accounted for almost a quarter of new companies formed (361).
During the same period, 58 Irish companies were declared insolvent, down 46% on August 2014 (107). 30 of this August's insolvent companies were based in Dublin but this figure is down 41% on the previous August (51).
Almost a third of the insolvent companies operated in the professional services sector (17). The majority of industries saw drops in insolvency numbers - some significant figures include a 77% drop in construction sector insolvencies (6 v 26) and a 50% drop in the wholesale & retail sector (8 v 16).
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.
- 27 Companies
E8 (Notice Of Appointment Of Receiver)
- 2 Companies
- 0 Company
The number of companies that have closed this week.
- 157 Companies
- 547 Businesses
- 253 Companies
HIGH COURT NOTICES
- 7 Companies
- 232 Companies
- 0 Company