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The number of company start-ups in the past week lags behind the weekly average of May 2023.
In 2023, May saw over 2,500 new company start-ups, an impressive number when compared to March and April's 2,000 each.
The ebb and flow during the first half of 2023 indicated a nuanced response to market conditions. The slight fluctuations in January (1,800 company start-ups) and February (1,700 company start-ups) suggest a measured approach from the market. March and April's stability may indicate a period of consolidation or strategic planning. The subsequent rise in May aided in revealing a market that responds dynamically to external stimuli.
This resulted in a weekly average of company start-ups in May 2023 of 565. In contrast, this past week has seen only 475 new company start-ups, a 19% decrease. There are a number of factors that can flag why there is a drop this year in comparison to last, with regards to company start-ups.
The first potential cause of such a drop is the low unemployment rate, leading to constraints on man-power and resources.
The second indicator is the prevailing housing crisis, with people seeking to establish or expand their business operations being deterred, as there are less high-skill workers being retained.
A third influence is the current state of global politics, which may impact people to feel a sense of unease, and be less inclined to take on the potential instability of starting up a new business.
In Ireland, the benefit of start-ups is that they create local jobs, and stimulate the community's economy. In 2023, more start-ups were appearing outside of major urban hubs, and 2024 may see this trend continue.
CRIFVision-net is one of Ireland's leading providers of credit risk, KYC, and compliance data on businesses and individuals. If you would like to learn more about our cutting-edge suite of information services, call us today on Tel: +353 (01) 903 2660, or email our team of experts at solution.vision-net@crif.com.
Insolvency Notices
1,666
The number of companies that have collapsed this year. This figure is up 23% 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
- 56 Companies
E8 (Notice Of Appointment Of Receiver)
- 5 Companies
EXAMINERS
- 0 Company
Meetings of Creditors
10th of May, 2024
- Baker Street Production Limited
- Bennett Foods Limited
- Mc Scaffolding Contractors Limited
- Ozon Facility Services Limited
- Weston Facilities Services Limited
Closures
164
The number of companies that have closed this week.
New Startups
New Companies
- 475 Companies
New Businesses
- 76 Businesses
Important Changes
Changed Status
- 413 Companies
HIGH COURT NOTICES
- 2 Companies
Strike off & Struck off Companies
Strike Off
- 142 Companies
Struck Off
- 57 Companies