Irish company start-ups remain strong in 2017.
Between 1st January and 25th August this year, we have seen the formation of 14,766 new Irish companies - an average of 62 start-ups per day - an increase of 8.6% on the same period in 2016 (13,600).
Professional services remains the most popular industry for Irish start-ups with almost one in five (2,863) operating in this sector - these companies would typically be associated with Accounting, Admin, Marketing, Engineering, HR, Investigation, Legal Services etc.
The finance and social & personal sectors were the second and third most popular industries for start-ups and accounted for 2,143 and 1,725 new companies respectively. Construction and wholesale & retail round out the top 5 most popular industries with 1,490 and 1,367 start-ups respectively.
Approximately 45% of this year's start-ups are based in Dublin with just over another 10% based in Cork. Galway, Kildare and Meath are next on the list and account for almost 12% of new companies between them.
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The number of companies that have collapsed this year. This figure is up 55% 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.
- 17 Companies
E8 (Notice Of Appointment Of Receiver)
- 10 Companies
- 8 Companies
The number of companies that have closed this week.
- 448 Companies
- 524 Businesses
- 544 Companies
HIGH COURT NOTICES
- 3 Companies
- 307 Companies
- 0 Company