Highlights:

  • 14% decrease in new limited companies formed in the second quarter 2008
  • 4,082 new limited companies formed in Q2, 2008; 8,191 new companies formed this year
  • Dublin remains the prime location for Irish businesses
  • Growth in Dublin’s satellite towns continues, with Louth leading the way

Bank of Ireland Business Banking today (9 July 2008) issued its latest Business Start-up Barometer that tracks the number of business start-ups in Ireland. The Barometer shows that, despite the recent slowdown in the economy, 4,082 new businesses have been established in the last quarter. While this figure represents a 14% decrease in new limited companies formed compared to this time last year (4,765), the rate of decline is slowing. The number of start-up companies in Q1 this year (4,109) was 22% less than Q1 in 2007 (5,276). These figures suggest that the number of new companies being set up has improved somewhat, rather than declined further.

 

Full story: http://www.bankofireland.com/press_room/latest_releases/2008/General_Content_1000300.html