"Start-ups surpass 20,000 for first time in almost 20 years"

Discussion in 'Askaboutbusiness' started by Brendan Burgess, Jan 6, 2017.

  1. Brendan Burgess

    Brendan Burgess Founder

    According to this article in the Irish Times

    Start-ups surpass 20,000 for first time in almost 20 years

    20,977 new companies were registered in 2016.

    How many of these are actual start-ups? I would have thought that most start-ups would be sole traders.

    Most of the following are some forms or re-organization and not really start-ups:

    Professional services: 4,079
    Finance sector: 2,959
    Construction: 1,876

  2. Gordon Gekko

    Gordon Gekko Frequent Poster

    Agreed. The widespread use of SPVs and propensity to hold property via corporates are influencing the figures.