Mayo ranked 20th in Business Health Index ^Featured

Mayo ranked 20th in the Business Health Index with an Index Score of 105 and 48.58 per cent of businesses in the high or maximum credit risk category.

Experian analysed data across a number of variables and determined a credit risk score for every business in Ireland.  The Experian Business Health Index ranks each county against a national average to determine which counties had a healthy business universe.

Experian also analysed the number of new businesses established and the number of companies dissolved/ceased during the year to determine whether the business universe was growing or contracting in each county.

Tipperary ranked number one with an Index Score of 89 and the lowest number of companies in the high or maximum credit risk category (41.29 per cent).  Conversely, Galway was the lowest ranked county on the Experian Health Index with an Index Score of 114 and the highest percentage of companies in the high or maximum credit risk groups (52.47 per cent).

Experian also looked at business growth rates around the country to examine whether the business universe was expanding or contracting in each county. The growth rate is calculated by subtracting dissolved/ceased companies from the sum of new companies established in 2011*. 

Counties in the South East had the strongest growth rates: Kilkenny (2.6 per cent), Carlow (0.9 per cent) and Waterford (0.7 per cent).  
 

Table 1 - County by County Business Health Index Breakdown**

* Data is pooled from January 1^st 2011 to December 19^th 2011