New company levels at 7-year high

This year should see more than 17,000 new company formations; the largest single-year total since 2007.

New company levels at 7-year high

Data released yesterday from credit and risk analysis firm Vision-net.ie showed 1,457 start-up firms were registered in November, marking an 11% increase on the same month last year.

According to Vision-net, the number of start-ups for 2014 totalled 15,686 as of November 20; 24 more than the 15,662 total for 2013 as a whole. Furthermore, the 2014 figure has since risen further to 16,337. Based on this year’s monthly averages, the total number of start-ups this year could go beyond 17,000, Vision-net feels, a figure not reached since 2007.

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