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Written Answers - Housing Management Companies

Tuesday, 7 February 2012

Dáil Éireann Debate
Vol. 754 No. 3

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 211.  Deputy Gerald Nash Information on Gerald Nash Zoom on Gerald Nash  asked the Minister for Jobs, Enterprise and Innovation Information on Richard Bruton Zoom on Richard Bruton  the number of estate management companies registered with the Companies Office for the purposes of managing private residential developments; if he will provide information as to the number of such companies which were declared insolvent in the years 2008, 2009 and 2010 respectively; and if he will make a statement on the matter. [6314/12]

Minister for Jobs, Enterprise and Innovation (Deputy Richard Bruton): Information on Richard Bruton Zoom on Richard Bruton As part of the company incorporation process companies must indicate to the Companies Registration Office the purpose for which the company is being formed and indicate an activity in the State in accordance with the relevant classification system.

In relation to the Deputy’s question the relevant business activity in accordance with the classification system in use is “Management of real estate on a fee or contract basis”. Currently on the Companies Office Register there are 7,853 such companies with a normal status. In addition there are 2,847 such companies which are dissolved, 39 which are in the process of liquidation and 23 which are in receivership.

In 2008, there were no such companies placed into insolvent liquidation. In the years from 2009 to 2011 there were four, nine and nine such companies placed into insolvent liquidation respectively.


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