Dáil Éireann Debate, Tuesday - 7 February 2012
211 Deputy Gerald Nash asked the Minister for Jobs, Enterprise and Innovation the number of estate management companies registered with the Companies Office for the purposes of managing private residential developments; if he will provide information as to the number of such companies which were declared insolvent in the years 2008, 2009 and 2010 respectively; and if he will make a statement on the matter. [6314/12]
View answerAs part of the company incorporation process companies must indicate to the Companies Registration Office the purpose for which the company is being formed and indicate an activity in the State in accordance with the relevant classification system.
In relation to the Deputy's question the relevant business activity in accordance with the classification system in use is "Management of real estate on a fee or contract basis". Currently on the Companies Office Register there are 7,853 such companies with a normal status. In addition there are 2,847 such companies which are dissolved, 39 which are in the process of liquidation and 23 which are in receivership.
In 2008, there were no such companies placed into insolvent liquidation. In the years from 2009 to 2011 there were four, nine and nine such companies placed into insolvent liquidation respectively.
