Dáil Éireann Debate, Tuesday - 20 September 2022
133. Deputy Catherine Murphy asked the Tánaiste and Minister for Enterprise, Trade and Employment the number of Irish businesses which have declared bankruptcy due to unpaid invoices over the period of 2018 to date in 2022; and the total number of Irish businesses which have declared bankruptcy over the same period. [45967/22]
View answerInformation available to my Department relates to entities registered with the Companies Registration Office (CRO). This does not include businesses operating as sole traders. Companies can go out of business for a variety of reasons, not all of which relate to a company being unable to pay its debts. Where solvency issues do not arise, companies can as appropriate seek to be voluntarily struck-off the companies register or can pursue a members voluntary liquidation. In cases where a company is insolvent, a liquidation is initiated and this can be either a creditors voluntary liquidation or a Court liquidation. Under company law, companies are required to notify the Companies Registration Office when entering liquidation and the filings with the CRO for creditors voluntary liquidations and Court liquidations for the period 2018-2021 are set out in the table below, along with the number of new company registrations for the same period.
|
- |
2018 |
2019 |
2020 |
2021 |
|
Creditors Voluntary |
484 |
611 |
443 |
286 |
|
Court Liquidations |
59 |
67 |
49 |
59 |
|
Total |
543 |
678 |
492 |
345 |
|
Number of new company incorporations |
22,428 |
22,723 |
21,873 |
25,468 |
Liquidation statistics in relation to 2022 are not available at this time. Filings with the CRO do not record information in relation to the circumstances behind the liquidation.
