135 new start-ups were registered daily this May while insolvencies continued to fall.
3,653 company and business start-ups were formed between the 1st and 27th May 2015 - an increase of 24% on the same period last year.
Almost 60% of these new businesses were set up by sole traders while a further 1,394 were corporate entities.
The most popular industry for corporate start-ups was the professional services sector which accounted for almost a third of these.
The wholesale & retail and social & personal services sectors accounted for a further 10% and 9% of start-ups respectively while the construction and hospitality sectors saw increases in numbers of 15% and 27% compared to May 2014.
While start-ups increased across the country, insolvencies dropped by 38% compared to May 2014 with 79 companies going out of business (compared to 128 last May).
The construction sector saw a 48% drop while insolvencies affecting the professional services sector fell by 55%.
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
- 25 Companies
E8 (Notice Of Appointment Of Receiver)
- 0 Company
EXAMINERS
- 0 Company
Closures
186
The number of companies that have closed this week.
New Startups
New Companies
- 44 Companies
New Businesses
- 513 Businesses
Important Changes
Changed Status
- 3134 Companies
HIGH COURT NOTICES
- 4 Companies
Strike off & Struck off Companies
Strike Off
- 255 Companies
Struck Off
- 0 Company
