The vultures are circling
Special Sunday Business Post investigation reveals rate of receivership actions has more than doubled
An exclusive analysis by The Sunday Business Post has revealed that vulture funds are tightening their grip on thousands of small businesses around the country, with hundreds of receivership actions taken by the funds in recent months.
A database compiled by this newspaper, which analyses almost 500 receivers put in place over the debts of Irish companies since May 2015, shows that the rate of action by funds has more than doubled.
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures