It's not all bad news! Would you like to view the Company Startup Breakdown?
|Year||Company Closures||Difference||% Diff.|
|Fourth Quarter, 2019||3,091||+122||+4.11%|
|Fourth Quarter, 2018||2,969||+655||+28.31%|
|Fourth Quarter, 2017||2,314||+154||+7.13%|
|Fourth Quarter, 2016||2,160||---||---|
For the Fourth Quarter of this year, company closures are up 43.1% on the 2016 figures.
|Year||Company Liquidations||Difference||% Diff.|
|Fourth Quarter, 2019||639||+195||+43.92%|
|Fourth Quarter, 2018||444||-173||-28.04%|
|Fourth Quarter, 2017||617||+333||+117.25%|
|Fourth Quarter, 2016||284||---||---|
For the Fourth Quarter of this year, company liquidations are up 125% on the 2016 figures.
|Year||Company Closures||Company Liquidations||% Liq.|
|Fourth Quarter, 2019||3,091||639||20.67%|
|Fourth Quarter, 2018||2,969||444||14.95%|
|Fourth Quarter, 2017||2,314||617||26.66%|
|Fourth Quarter, 2016||2,160||284||13.15%|
On average, 18.86% of company closures are likely to result in a liquidator being appointed.
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The phrase 'PEP' has now become commonplace in the world of AML compliance. But who are PEPs? Why do they need to be checked? Who is obliged to perform these checks?
The new quarterly figures published this week, reveal a growth of 5,010 new companies in Q3 2019, bringing the total number of start-ups in Ireland to 17,160.