Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

299. To ask the Minister for Jobs, Enterprise and Innovation the number of companies that have entered examinership, receivership or liquidation each month since February 2019, in tabular form; and if she will make a statement on the matter. [10323/20]

Heather Humphreys (Cavan-Monaghan, Fine Gael)
Link to this: Individually | In context | Oireachtas source

The Companies Registration Office has provided information on the number of companies that have entered examinership, receivership or liquidation in 2019 and to date in 2020, as set out in tabular form below.

The Companies Act 2014, which provides the statutory framework for each of these mechanisms, reflects international best practice. Statutory provision for limited liability, and the mechanisms of examinership, receivership and liquidation, serve to facilitate entrepreneurship and job creation, while also protecting the interests of other stakeholders, including business creditors, employees and investors.

The challenge that COVID-19 presents for our economy is not at this stage reflected in increased numbers of companies entering examinership, receivership or liquidation. The Government is doing everything possible to limit the impact on companies and employment, as we work collectively to tackle COVID-19.

In order to assist businesses and protect employment, the Government has put in place a comprehensive €12 billion suite of supports for firms of all sizes, which includes the Wage Subsidy Scheme, grants, low-cost loans, write-off of commercial rates and deferred tax liabilities. These supports are designed to build confidence, to further assist businesses in terms of the management of their companies and to allow them to begin looking to the future and start charting a path forward for weeks and months ahead

Examinership:

Receiverships registered:

Liquidations registered: