Tuesday, 19 February 2013

Questions (194, 199)

Peadar Tóibín

Question:

194. Deputy Peadar Tóibín asked the Taoiseach the number of new start-up companies registered by region for each year since 2007. [7894/13]

View answer

Peadar Tóibín

Question:

199. Deputy Peadar Tóibín asked the Taoiseach the number of companies that have closed or gone into receivership or administration by region for each year since 2007. [7893/13]

View answer

Written answers (Question to Taoiseach)

I propose to take Questions Nos. 194 and 199 together.

The information sought by the Deputy is available for all of the years requested but not at a regional level. The latest CSO Business Demography returns for 2010 were released on 22 June 2012 and the tables below provide data on business start ups and closures from this release.

The terms used by CSO are "enterprise births" which refers to new business start ups (companies and other forms of legal ownership), and "enterprise deaths", which is a business closure. “Enterprise births” and “Enterprise deaths” are both dealt with below and can be used for comparison purposes.

The CSO identifies enterprise births and deaths by using available economic indicators from administrative data (Revenue Commissioner Trading returns in Corporate, Income, Employment and VAT activity). Data for 2011 is not yet available as it is dependent on the receipt of administrative data which are not filed until 2012 and are not fully available to CSO until later in 2013.

The CSO Business Demography Statistics covers the whole business economy as classified by the standard European classification of economic activity i.e. NACE Rev2 B-N excluding activities of holding companies; K 64.20.

Table A below contains the relevant data concerning enterprise births for 2007-2010 inclusive.

Table A: Number of Enterprise Births for 2007-2010 inclusive.

Enterprise Births

2007

2008

2009

2010

Business economy excluding activities of holding companies.

13,461

11,954

13,810

11,237

Regarding enterprise deaths, the Deputy should be aware that two types of data are available. Preliminary enterprise death data are available for the years 2007, 2008 and 2009, while final death data are only available for 2007 and 2008 at present.

“Preliminary deaths” are those enterprises that are active during the reference year, but not in the subsequent year. “Final deaths” are those active in the reference year that are not active in either of the two subsequent years.

Preliminary deaths for 2010 require the full population of active enterprises for 2011, which will become available in March 2013, so the 2010 preliminary deaths data will be published in June 2013.

Tables B and C below set out the relevant enterprise deaths data.

Table B: Number of Preliminary Enterprise Deaths for 2007-2009 inclusive.

Preliminary Enterprise Deaths

2007

2008

2009

2010

Business economy excluding activities of holding companies

17,263

20,601

24,511

n/a

Table C: Final Enterprise Deaths for 2007-2008 inclusive.

Final Enterprise Deaths

2007

2008

2009

2010

Business economy excluding activities of holding companies

14,745

19,530

n/a

n/a

The Business Demography 2012 Press Release of 22 June 2012 is available at;

http://www.cso.ie/en/newsandevents/pressreleases/2012pressreleases/pressreleasebusinessdemography2010/