Business Barometer

2022 saw a rapid decrease in Irish start-ups

2022 saw a rapid decrease in Irish start-ups, reaching their lowest point in 6 years. This decline was a direct result of rising inflation and a cost-of-living crisis in Ireland.

The annual figures released revealed a total of 21,637 new start-ups in Ireland in 2022, which is the lowest figure on record since 2016. The 2022 figure also marks an overall decrease of 16% in new registrations when compared to 2021.

Commenting on the 2022 figure, Christine Cullen, Managing Director of CRIFVision-net said:

"Start-ups faced a different economic environment in 2022. A combination of inflation, high interest rates, geopolitical uncertainties and energy insecurity led to an uncertain economic environment.

"According to our latest figures, 2022 was the lowest point for the number of new start-up companies in Ireland since 2016, with a noticeable decline in year-on-year activity compared to 2021.

"Decreases in traditionally strong performing sectors for the Irish economy like manufacturing and leasing suggest that this period of cost increases will likely remain a challenge for some time.

Insolvency Notices

818

The number of companies that have collapsed this year. This figure is up 36% 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.

Appointments

LIQUIDATORS

  • 34 Companies

E8 (Notice Of Appointment Of Receiver)

  • 7 Companies

EXAMINERS

  • 2 Companies

Meetings of Creditors

10th of February, 2023

9th of February, 2023

7th of February, 2023

4th of February, 2023

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Closures

78

The number of companies that have closed this week.

New Startups

New Companies

  • 382 Companies

New Businesses

  • 203 Businesses

Important Changes

Changed Status

  • 679 Companies

HIGH COURT NOTICES

  • 4 Companies

Strike off & Struck off Companies

Strike Off

  • 132 Companies

Struck Off

  • 206 Companies

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