Written answers
Tuesday, 7 November 2023
Department of Enterprise, Trade and Employment
Company Registration
Jim O'Callaghan (Dublin Bay South, Fianna Fail)
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388. To ask the Minister for Enterprise, Trade and Employment the number of companies registered in Ireland in 2021, 2022 and to date in 2023; and if he will make a statement on the matter. [47527/23]
Dara Calleary (Mayo, Fianna Fail)
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The Companies Registration Office (CRO) is the statutory authority for the registration of new companies in Ireland and is the central repository of public statutory information on Irish companies.
Statistics on the incorporation of companies are published in the CRO Annual Reports, which are available on its website, www.cro.ie.
Details of the number of companies registered in the years 2021, 2022 and to date in 2023 are set out in the table below.
| Year | Number of Companies Registered |
|---|---|
| 2021 | 25,468 |
| 2022 | 21,434 |
| 2023 (up to 31/10/23) | 18,979 |
Jackie Cahill (Tipperary, Fianna Fail)
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389. To ask the Minister for Enterprise, Trade and Employment if it is possible for a golf club to submit a simplified set of accounts as part of its annual returns to the Company Registration Office; and if he will make a statement on the matter. [47619/23]
Dara Calleary (Mayo, Fianna Fail)
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The Companies Act 2014 sets out the requirements for companies of all sizes in relation to the preparation and filing of financial statements that are filed as part of the annual return with the Companies Registration Office. These are derived from the harmonised EU rules for accounting in the Accounting Directive 2013/34/EU and are proportionate in line with better regulation principles.
A company that is registered under the Companies Act 2014 that qualifies as a small company or group or micro company may benefit from certain exemptions and simplifications in the preparation of annual financial statements compared to a medium or large company. A company qualifies as small company or group if it satisfies two of the following three conditions: a balance sheet total not exceeding €6m; turnover not exceeding €12m; Employees 50. A company qualifies as a micro company if it satisfies two of the following three conditions: a balance sheet total not exceeding €350,000; turnover not exceeding €700,000; Employees 10.
Whether a company registered under the Companies Act 2014 can avail of these reduced reporting requirements will depend, in the first instance, on its size in accordance with the thresholds.
I trust this answers the Deputies question and further detailed information is available on the Companies Registration Office website.
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