CRO 2019 Annual Report

Posted on 17 August 2020 by Conor Sweeney

The CRO published its Annual Report for 2019 and we have set out some of the key points from the annual report.

232,949 companies on the Register
95% of companies up to date with the filing of annual returns at the year end
687 Sec 343 District Court Applications, 602 Order granted, 26 applications were refused & 55 applications were withdrawn
13 reports of unregistered auditors attempting to file false auditors reports
22,723 new companies incorporated, a 1.3% increase on 2018. Average of 1,894 new companies per month which is the highest number in history of the State
5,068 involuntary strike off which is a 33% decrease on 2018
6,025 voluntary strike off which is a 9.4% increase
443 companies were restored to the register a 23% decrease
56 companies prosecuted by CRO for failure to file annual returns, 28 cases convicted & Probation Act applied in 20 cases, fines ranged from €250 to €3,000
CRO received €17.6 million in 2019 a decrease of 10.6%, 12130 companies paid late filing fees in 2019 with a average fee of €616
5 companies reported that Proper Books were not kept