One hundred and thirty two start-up companies and businesses were established every day in January, according to a survey conducted by business information site Vision-net.ie.

That is an increase of 22.5% compared to the same period last year.

The most popular industry for start-ups was professional services, accounting for just over a quarter of new companies last month.

The construction industry saw a 33% increase in start-ups.

Of the company start-ups in January 45% were located in Dublin.

A further 10% were based in Cork, while Galway, Kildare and Meath accounted for 12% of start-ups between them.

The survey also found that the number of insolvencies recorded in January was down 38% compared to the same period in 2014, with 57 Irish companies declared insolvent.