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.