Monday September 21, 2020

Soaring numbers of SMEs seek advice on renegotiating debts

Growing demand to restructure with lenders is seen as a sign that firms are moving beyond the survival mode' of recent years, writes Elaine O'Regan.

7th September, 2014
It's important to be proactive in approaching the bank with any repayment problems.

The number of SMEs seeking debt restructuring advice has doubled in the past 18 months, as more companies seek to initiate negotiations with their lender.

In response, banks are beginning to introduce more formalised negotiation procedures to satisfy increased demand for SME debt restructuring, according to Chris Ball, corporate finance director with business advisory firm Russell Brennan Keane (RBK).

''There is a growing realisation that existing debt or repayment levels are not sustainable over the medium...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 8 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago