Issue 146 (Week ending 01/10/2012)

Quarter 3 of this year saw a combined total of 9,233 company and business start-ups, an impressive average of 100 per day.

Many of these could become companies or businesses that you deal with on a daily basis in the future...a potential customer...a valued client...a potential supplier etc.

With Vision-net.ie you'll be able to access details on all of them.

For example, did you know that...

...64% (5,941) of start-ups in quarter 3 were businesses while the remaining 3,292 were companies?

Or that of the new companies...

...25% began trading in the professional services industry and 12% chose the social and personal services sector.

Vision-net.ie will also allow you to be among the first people to be able to view Annual Returns, Financial Accounts and detailed credit reports on company start-ups to help you make the best credit decisions on them.

Insolvencies

501 individual companies were declared insolvent in the third quarter of 2012, an average of approximately 5 per day.

42% of these companies were located in Dublin. The other counties worst affected included Limerick, Cork, Meath and Galway who, between them, accounted for another 23% of company insolvencies during the quarter.

291 Irish companies held a meeting of creditors during the third quarter of this year. This figure is down 14% on the same period in 2011 (338).

According to their latest filed financial accounts, these 291 companies owed their creditors just over €95m.

Company Start-Ups vs. Closures

Having compiled the statistics for the first 9 months of 2012 we have found that company closures exceed start-ups by approximately 2%.

During the period, 10,433 companies began trading while 10,643 were dissolved. Companies in the professional services, construction, wholesale & retail, real estate, social and personal services and manufacturing sectors make up 72% of the closures recorded this year.

In order to start receiving the latest information on the companies that could affect your business simply Login to your Vision-net.ie account today.

Here you'll find the latest CRO filings (including Financial Accounts and Annual Returns) along with the latest insolvency notices and Irish and UK Company Credit Reports.