Last month was the strongest January for company start-ups since the year 2000.
1,768 new companies were formed last month - an average of 57 per day - that's 288 more companies than were formed in Jan '16 (1,480).
Professional services remains the most popular industry for Irish start-ups with 317 (18%) new companies operating in this sector - these companies would typically be associated with Accounting/Auditing, Administration Activities, Advertising/Marketing, Architecture, Consultancy, Engineering, HR, Investigation, Legal Services etc.
The finance and construction sectors were the second and third most popular industries for start-ups and accounted for just over 426 new companies between them.
Wholesale & retail and IT companies round out the top 5 most popular industries with 154 and 118 start-ups respectively.
Approximately 40% of this January's start-ups are based in Dublin with just over another 10% based in Cork. Galway, Kildare and Limerick are next on the list and account for just over 12% of new companies between them.
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The number of companies that have collapsed this year. This figure is up 52% 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.
- 22 Companies
E8 (Notice Of Appointment Of Receiver)
- 24 Companies
- 1 Company
The number of companies that have closed this week.
- 163 Companies
- 551 Businesses
- 775 Companies
HIGH COURT NOTICES
- 2 Companies
- 565 Companies
- 0 Company