Examiner proposes new rescue plan for Shaw Academy

Fresh investment may offer a way out of trouble for the beleaguered online learning company and its 300 employees

7th November, 2021
Examiner proposes new rescue plan for Shaw Academy
Shaw Academy crashed into examinership in July for the second time in three years. Picture: Getty

The examiner of Shaw Academy will this week seek court approval for a rescue package aimed at securing the future of the business, the Business Post understands.

The majority of creditors at the embattled online learning group have voted to approve the scheme of arrangement put forward by Colin Gaynor, a restructuring expert with Resolute Advisory, sources said.

Gaynor has secured fresh investment, and his rescue plan would allow the business to exit...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Related Stories

Ryanair chief: airline will grow at expense of weakened rivals

John Walsh: Breaking the corporate glass ceiling starts with dismantling the customs that frame it

O’Driscoll and Doyle sell stake in 3 Rock to All3Media

ECB paves way for Central Bank database of bank accounts and owners in the state