June 2025 - Komsec Limited

Summer is supposed to be here despite the weird and wonderful weather we have been experiencing but, regardless, now is a time to relax and unwind. Not sure that intention ever works out as planned but, let’s try anyway.

This time of year should help us all to take a little time out to clear off some of the long-standing items off your “to do list”. Below are the top four issues we find most often overlooked.

Director home address – the most common issue we see is where home addresses do not match with the Statutory Registers and filings in the Companies Registration Office (CRO), Central Register of Beneficial Ownership (CRBO) and Charity Regulatory Authority (CRA).
Charges – another common issue is where a Charge has been satisfied but, no-one actually filed satisfaction of the Charge in the CRO. Do not let this omission impact on your company’s financial record, if a Charge has been satisfied then file the form noting satisfaction in the CRO.
Financial Statements – most companies file Financial Statements (with the Annual Return) in the CRO between September – November. Check that someone has definitely told your company’s Accountant or Auditor that you will need the Financial Statements for filing in Q4 so there will be no delay when it comes to filing the Annual Return.
Directors and corporate governance – when was the last time any Board members received training on role of directors, how to manage board meetings, corporate governance, etc?

Why not get ahead and deal with at least one of the above items over the summer months?

KomSec can help you with any or all of the above items. Let us know if you have any questions or how we can help.

CRO OPEN DATA PORTAL

The Companies Registration Office (CRO) has officially launched its brand-new Open Data Portal! This is a tremendous step forward, making company information more accessible than ever before. The portal is a result of a significant drive making open company data available across the EU.

So, what is it? Think of it as an easy-to-use hub where you can explore a wealth of company data, from basic company details to financial statements. The purpose is to provide a clear and comprehensive view of businesses registered in Ireland.

And who benefits? For entrepreneurs and small businesses, it’s a goldmine for market research, helping them understand competitors and identify opportunities. Investors can gain deeper insights into potential ventures. Researchers and academics now have an invaluable resource for economic analysis.

For example, you can use the CRO Open Data Portal to find out how many companies are operating under a specific NACE code.

While the portal might not have a “one-click” counter for NACE codes, the powerful “Company Records” dataset includes the “Nace Version 2 Code” for each company. This means you can download this comprehensive dataset (often available in formats like CSV) and use Excel/Google Sheets to filter and count companies by their respective NACE codes.

This feature is transformative for anyone wanting to understand specific industry trends, market saturation, or even identify potential business. It puts detailed economic insights at your fingertips!

Visit the portal now at https://opendata.cro.ie/