Rise in number of companies struck off

THERE are signs the business environment is stabilising in Ireland as entrepreneurial activity continues to grow, despite a sharp increase in the number of companies struck off, according to data from global information service group Experian.

Experian’s Irish Business Review for 2011 has found that 14,345 new companies were registered in Ireland last year, which is up by 246 on the previous year.

Over 46% of companies set up in 2011 were in Dublin, while almost 10% of new companies were established in Cork.