Nearly 1,900 new start ups each month but insolvencies up 13%

An average of nearly 1,900 new start ups were formed each month in the first half of 2017,a 6% increase, according to new figures released today.

Key points:

• Nearly 1,900 new company start-ups a month in first half of 2017, up 6% on last year
• Finance, construction, real estate, and social and personal services all recorded strong start-up growth;
• However, insolvencies rose 13% in the first half of 2017 compared to the same period in 2016;
• Real estate sector insolvencies nearly doubled;