Written answers
Tuesday, 2 March 2010
Department of Finance
Business Closures
12:00 pm
Arthur Morgan (Louth, Sinn Fein)
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Question 163: To ask the Minister for Finance the number of individuals' businesses across all sectors that have advised the Revenue Commissioners that they have ceased trading in the past 12 months in tabular form on a county basis; and if he will make a statement on the matter. [10099/10]
Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am advised by the Revenue Commissioners that the following numbers of individuals and companies were recorded as ceased trading on their records during the period Feb 2009-Jan 2010, as requested by the Deputy:
| County | Individuals | Companies |
| CARLOW | 163 | 36 |
| CAVAN | 109 | 46 |
| CLARE | 231 | 64 |
| CORK. | 1,144 | 396 |
| DONEGAL | 479 | 109 |
| DUBLIN | 3,183 | 1,657 |
| GALWAY | 503 | 167 |
| KERRY | 280 | 105 |
| KILDARE | 548 | 195 |
| KILKENNY | 190 | 57 |
| LAOIS | 158 | 40 |
| LEITRIM | 41 | 11 |
| LIMERICK | 373 | 135 |
| LONGFORD | 39 | 13 |
| LOUTH | 293 | 91 |
| MAYO | 335 | 84 |
| MEATH | 429 | 168 |
| MONAGHAN | 124 | 49 |
| OFFALY | 182 | 49 |
| ROSCOMMON | 111 | 19 |
| SLIGO | 84 | 20 |
| TIPPERARY | 362 | 99 |
| WATERFORD | 309 | 69 |
| WESTMEATH | 186 | 56 |
| WEXFORD | 476 | 97 |
| WICKLOW | 351 | 124 |
| Total | 10,683 | 3,956 |
The Commissioners advise that the figures should be treated with some caution as, based on past experience, there tends to be a time lag between date of cessation and notification to Revenue.
Businesses cease for many reasons, including trading conditions, retirement of the proprietors, death, formation of partnership or incorporation into Limited Company in the case of a sole trader.
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