Limerick has highest rise in new company start-ups

first_imgExercise With Oxygen Training at Ultimate Health Clinic Print Linkedin Twitter Facebook RELATED ARTICLESMORE FROM AUTHOR WhatsApp TechPost | Episode 9 | Pay with Google, WAZE – the new Google Maps? and Speak don’t Type! Housing 37 Compulsory Purchase Orders issued as council takes action on derelict sites Emailcenter_img CRIF Vision-net managing director Christine CullenTHE scale of Limerick’s economic revival was confirmed this week with a report showing a 23 per cent increase in the number of new company start-ups established in the city and county in 2018, making it the fastest growing area in the country during the first six months of the year.Latest statistics from business and credit risk analyst CRIF Vision-net, showed there were 440 new start-ups in Limerick in the first half of 2018, compared with 5,214 in Dublin (3.2 per cent growth), followed by Cork with 1,168 (3.5 per cent growth) and Galway with 466 (1.3 per cent growth).Sign up for the weekly Limerick Post newsletter Sign Up Limerick also had a 48.3 per cent reduction in insolvencies, again outperforming Dublin (34.2 per cent), Cork (25 per cent) and Galway (42.4 per cent).CRIF Vision-net managing director Christine Cullen said that the big increase in the number of start-ups in Limerick indicated that the cities and counties outside of Dublin are increasingly benefiting from the economic recovery.“This is a welcome development and an indicator that Ireland’s other regions can provide a counterweight to Dublin. The growth of start-ups outside of the capital needs to be encouraged. Targeted investments, such as the M20 Cork-Limerick motorway, should enable sustained regional development for the years ahead.“Ireland’s continued economic growth is allowing more companies to thrive. Consumer spending is rising consistently, business opportunities are plentiful, and banks and other financial services companies are lending more to companies and start-ups,” she explained.“The construction and real estate sectors are benefiting from continued private and public investment. It is likely that they will create an increasing number of start-ups in the near future as Ireland addresses its housing shortage and businesses expand their operations.“Some industries, however, have fared less well. The motor industry has seen a surge in used imports which has impacted on new car sales. Combined with the impact of Brexit on sterling rates, this industry is facing significant challenges which may take some time to resolve,” Ms Cullen added.The fact that the economic recovery is taking root outside Dublin bodes well for the Government’s 2040 National Development Plan which aims to provide balanced regional development and prioritises growth in Cork, Galway, Limerick and Waterford.In terms of new company start-ups, professional services were the most prolific, growing by 8.6 per cent (2,228 to 2,419).The construction industry grew by 13.7 per cent, from 1,118 new company start-ups in the first half of 2017 to 1,271 in the same period this year. Real estate also showed strong growth, with the number of start-ups increasing from 491 to 527.The education sector had one of the most significant increases, growing by 28.9 per cent for the first half of 2018, from 142 to 183 new companies.There was, however, a drop in new motor industry start-ups which were down by 4.9 per cent, from 182 to 173, reflecting a difficult trading environment complicated in part by Brexit-induced sterling fluctuations.There was a 30 per cent drop in insolvencies across the country during the first six months of 2018 compared to the same period in 2017.Social and personal services saw a 50 per cent decrease in insolvencies from 36 to 18. Professional services and hospitality insolvencies were down by 38 and 35.4 per cent respectively.There were 18 fewer construction insolvencies and 45 fewer real estate insolvencies, reflecting the increasing opportunities for businesses in these industries.In line with its decrease in new company start-ups, the motor industry was one of the few sectors to see an increase in insolvencies of 16.7 per cent, from a low baseline of 12 to 14.by Tom [email protected] more business news here. TAGSbusinessLimerick City and CountyNews Limerick on Covid watch list NewsBusinessLimerick has highest rise in new company start-upsBy Staff Reporter – July 24, 2018 1637 Advertisement Ann & Steve Talk Stuff | Episode 29 | Levelling Up Previous articleShannon Airport turns €1.3 million profitNext articleBlooming floral displays bring splash of colour to Limerick city centre Staff Reporterhttp://www.limerickpost.ie Limerick businesses urged to accept Irish Business Design Challenge last_img read more

Mohun Bagan coach Sanjoy Sen steps down after loss to Chennai City FC

first_imgMohun Bagan coach Sanjoy Sen stepped down from his position after Mohun Bagan lost 1-2 to Chennai City FC in the I-League on Tuesday.Sanjoy Sen was on a 32-match unbeaten streak at home since being appointed the coach of the Kolkata giants. However, he was under fire after Bagan had drawn three home games this season.With the loss on Tuesday, the green and maroon brigade stretched their winless run to four games after three home draws against Shillong Lajong FC, Neroca FC and Indian Arrows.Despite Chennai being a man down, they put up a spirited performance and punished Bagan for their indecisiveness and lack of quality in front of the goal.ALSO WATCH”It’s the end of the road for me. It is the right time to take responsibility on my shoulders and move way from the club,” Sen told reporters after the harrowing reversal.”I lost at home and I had decided that I would step down if that happened. I don’t have the mentality to work at this club anymore,” the 57-year-old added.Minutes after Sen announced his resignation, Bagan clun director Debasish Dutta told reporters that there would be no practice on Wednesday and before Bagan take the field the day after, the new coach will be named.”He (Sanjoy Sen) came to me after the game and told me he wanted to quit. We will decide overnight and by tomorrow noon we will send in the name of the new coach through press release,” Dutta said.advertisementSen went on to say that it is his personal decision and these things keep happening across the world.”I am not complaining. Across the world these things happen. It is a personal decision and I conveyed it to the club officials and the players,” he said.”I’ll go back to lead a normal family life, have ‘adda’ with my friends and watch football from the comfort of my home,” the I-League winning coach added.Bagan are currently reeling in the fifth spot in the league table with just two wins from seven matches.Bagan had edged out city rivals East Bengal 1-0 on December 3 but since then, Bagan have failed to shine.Coincidently, East Bengal are currently leading the I-League table with 17 points from eight matches.Ahead of the season, Bagan’s invaluable man Katsumi Yusa had changed alliances and made a move to the other side of the city in East Bengal.Sen helped Mohun Bagan win the I-League in the 2014-15 season. He was appointed the chief coach for the Mariners in December 2014 after the club parted ways with technical director Subhas Bhowmick.He had previously been in-charge of Kolkata clubs like Mohammedan Sporting and United Sports Club and enjoyed success mostly in Cup competitions.While United SC became runners-up in IFA Shield and Durand Cup under his tutelage, the Black and Whites won the Shield last season. Sen had also led Mohammedan to become the champions of the I-League second division a couple of seasons back.(With inputs from IANS)last_img read more