Insolvencies rise as number of Irish start-ups falls to six year low
Rising inflation and the cost-of-living crisis created an uncertain economic environment for entrepreneurs
Ireland’s new company start-up levels reached their lowest point in six years in 2022, a new study has found.
The report from CRIFVision-net, the credit analyst company, found the drop in new company formations was due to economic uncertainty brought by rising inflation and the cost-of-living crisis.
A total of 21,637 new start-ups were registered in 2022, the lowest figure on record since 2016, when 21,018 were registered. The 2022 figure also marks an overall ...