We have 48 start-ups every day as 37 close their doors

More than 12,000 companies have been established in Ireland so far this year, marking the return, for the first time, to pre-recession start-up levels.

The pace at which start-ups are setting up has quickened substantially this year to the point whereby an average of 48 are established every day.

However, the positive news on the number of start-ups is counter-balanced by the 259 companies that closed this week — an average of 37 per day.