Over 1,500 Irish company start-ups were formed last month - the highest for new companies in July since 2007
Company start-ups rose 11% (1,518) in July 2014 when compared to the same month last year (1,371) - this is an average of 49 new companies being formed daily last month.
Dublin was home to 51% of the new company start-ups, followed by Cork (8%) and Limerick (4%).
The professional services sector was the most popular industry for start-ups and accounted for 22% of new companies. It was followed by wholesale & retail (10%) and construction (9%).
This was the first time construction was in the top 3 most popular industries for start-ups since March 2010 and the sector also recorded a 47% drop in insolvencies compared to July 2013.
There were positive signs for other industries that struggled during the recession with drops in insolvencies of 86% and 29% for the motor and hospitality sectors respectively.
In total, 166 company insolvencies were recorded last month with 46% of them being based in Dublin, a further 13% were in Cork and 6% in Galway.
Insolvency Notices
2,206
The number of companies that have collapsed this year. This figure is up 25% 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
- 19 Companies
E8 (Notice Of Appointment Of Receiver)
- 14 Companies
EXAMINERS
- 0 Company
Closures
186
The number of companies that have closed this week.
New Startups
New Companies
- 94 Companies
New Businesses
- 457 Businesses
Important Changes
Changed Status
- 706 Companies
HIGH COURT NOTICES
- 4 Companies
Strike off & Struck off Companies
Strike Off
- 184 Companies
Struck Off
- 0 Company
