132 companies established per day in January

The first month of the year saw a 16% increase in new companies being formed in Ireland, with a total of 3,713 — or an average of 132 per day — being established.

Furthermore, the fresh data for January, published today by leading business and credit risk analyst Vision-net.ie, shows that 10% of the new firms were established in the Cork area.

The most popular sector for start-ups last month was that of professional services, which accounted for nearly 26% of new companies in January. The construction sector saw a 33% annualised rise in new firms in the month, with 118 new names emerging. The real estate/property sector saw 84 new company formations in the last four weeks, compared to 41 in the same month last year.