Business Barometer

Is the entrepreneurial spirit in Ireland in decline? The 2023 Annual Review has answers.

The 2023 Annual Review of Business in Ireland is out, with insights into the ever-changing business landscape, taking closer looks at business start-ups, closures, and more.

Among the results found, it was noted that despite there being a substantial upswing in company start-ups when comparing 2022 and 2023, there was as decrease in the number of Director Appointments.

There was 51,383 directors appointed in 2023, compared to 54,161 recorded in 2022. 59% of Directors appointed in 2023 were first time directors, and 36% of the New Directors are Female, versus 24% of Existing Directors being Female.

This contrast between a resurgence of Start-Ups and a decline in Director Appointments highlights the topography of Ireland's current entrepreneurial landscape. Needless to say, there is a resilience seen in the entrepreneurial spirit, hinting at a renewed optimism within the Irish business ecosystem.

Over the course of the year, the Company Start-Ups story found its peak in May, with the expected usual dip across the Summer months, and a low point in November where trepidation seems to have stayed the entrepreneurial spirit. There were 11,898 companies formed in H1, compared to 10,683 companies formed in H2.

The 2023 Annual Review of Business in Ireland includes insights like these, and more.

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Insolvency Notices

818

The number of companies that have collapsed this year. This figure is up 36% compared to last year
Click here to view the list


PREDICTIVE CREDIT REPORTS

Our Credit Reports are predicting over 80% of insolvencies at up to 6 months in advance.

Appointments

LIQUIDATORS

  • 70 Companies

E8 (Notice Of Appointment Of Receiver)

  • 9 Companies

EXAMINERS

  • 0 Company

Closures

96

The number of companies that have closed this week.

New Startups

New Companies

  • 505 Companies

New Businesses

  • 368 Businesses

Important Changes

Changed Status

  • 1363 Companies

HIGH COURT NOTICES

  • 2 Companies

Strike off & Struck off Companies

Strike Off

  • 59 Companies

Struck Off

  • 80 Companies

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