Written answers
Tuesday, 12 December 2023
Department of Enterprise, Trade and Employment
Small and Medium Enterprises
Gerald Nash (Louth, Labour)
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291. To ask the Minister for Enterprise, Trade and Employment to request from the CRO information on the number of SMEs, broken down by sole traders; limited companies; partnerships; and other relevant structures, that formally ceased trading in 2021, 2022 and 2023; if that information will be provided by defined economic sector; and if he will make a statement on the matter. [54887/23]
Dara Calleary (Mayo, Fianna Fail)
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The information available relates to entities registered with the Companies Registration Office (CRO). This does not include businesses operating as sole traders.
On the basis of filings made to the CRO, the numbers of SMEs and limited partnerships that ceased trading in the years specified are as follows:
| 2021 | 2022 | 2023 (YTD) | |
|---|---|---|---|
| SMEs (voluntary strike-off) | 6,411 | 5,438 | 3,297 |
| SMEs (liquidation) | 1,237 | 1,325 | 1,327 |
| Limited Partnerships | 121 | 107 | 41 |
However, it should be noted that limited partnerships are not obliged to inform the CRO when they cease their activities - the numbers provided for limited partnerships reflect those that have informed the CRO of having ceased trading.
The attached spreadsheet provides a breakdown by NACE code of SME liquidations and voluntary strike-offs notified to the CRO. A similar breakdown is not available for limited partnerships.
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