Jim O'Callaghan (Dublin Bay South, Fianna Fail)
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81. To ask the Minister for Enterprise, Trade and Employment if he will provide the numbers on the incorporation of new retail businesses; the voluntary strike-offs of such businesses; the total liquidations of such businesses, to date in 2024; the corresponding figures for 2023; and the net increase and decrease, in tabular form. [43318/24]

Jim O'Callaghan (Dublin Bay South, Fianna Fail)
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82. To ask the Minister for Enterprise, Trade and Employment if he will provide the numbers on the incorporation of new hospitality businesses; the voluntary strike-offs of such businesses, the total liquidations of such businesses, to date in 2024; the corresponding figures for 2023; and the net increase and decrease, in tabular form. [43319/24]

Dara Calleary (Mayo, Fianna Fail)
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I propose to take Questions Nos. 81 and 82 together.

At the outset, I should clarify that the information available to my Department relates to filings of companies registered with the Companies Registration Office (CRO). This does not include businesses operating as sole traders or unincorporated entities.

At incorporation, companies are required to indicate the relevant NACE code describing their intended activity and any subsequent change of activity does not need to be notified to the CRO. There are a range of activities relevant to the retail and hospitality sectors, each with their own individual NACE code, and these are aggregated in the totals below.

In the retail sector, 942 new companies were incorporated between January and end September 2024, an increase of 41 on the same period in 2023. There were 118 liquidations in the retail sector, resulting in a ratio of 8 new retail companies being incorporated for every liquidation in the sector. Overall, there was a net increase of 588 companies in the retail sector in the January to September period in 2024, compared to a net increase of 449 for the same period in 2023.

In the hospitality sector, 1114 new companies were incorporated, a decrease of 30 on the same period in 2023. There were 142 liquidations in the hospitality sector, giving a ratio of 7.8 new hospitality companies being incorporated for every liquidation in the sector. Overall, there was a net increase of 833 companies in the hospitality sector in the January to September 2024 period compared to a net increase of 904 for the same period in 2023.