Almost 3,700 New Entrants in Feb '11
There were 3,656 new entrants to the Irish market in February 2011 (an average of 130 start-ups every day!).
Business Names were the most popular vehichle for Start-Ups with an average of 94 being registered every day this February. 36 new Companies were incorporated each day during the same period.
Business Names vs Company Start Ups
Company Insolvencies On The Rise
February 2011 v February 2010
178 Irish Companies were liquidated this February. Nine of these were Ordered by the Irish High Court.
The total number of company liquidations for February '11 is in line with the figure we saw last year (179).
130 of the companies liquidated this February were insolvent and thus unable to pay all of their debts (up 10 on figures for Feb 2010). Overall, 73% of Irish Companies liquidated in February 2011 were Insolvent compared to 67% in February 2010.
The High Court:
This February the High Court appointed Examiners to two Irish companies and an Interim Examiner to a third. The High Court was also petitioned to order the Wind-Up of 16 Irish Companies (an average of four petitions per Week).
The Vision-net.ie Business Barometer evaluates and compiles the latest Official filings with the CRO as well as Published Notices in the National Newspapers to provide you with the FULL PICTURE on Insolvencies, Liquidations and Start-Ups etc for February 2011.
The number of companies that have collapsed this year. This figure is down 12% 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.
- 26 Companies
E8 (Notice Of Appointment Of Receiver)
- 6 Companies
- 1 Company
The number of companies that have closed this week.
- 256 Companies
- 529 Businesses
- 1504 Companies
HIGH COURT NOTICES
- 0 Company
- 1254 Companies
- 4 Companies