Companies Over 560 jobs saved as a result of Scarp rescue process, report finds Some 50 small businesses have undertaken the small company administrative rescue process since its creation in December 2021
Legal Warehoused tax debt set to cause major problems for companiesThe failure of Mac Interiors to convince the High Court to accept its survival plan could be an ominous sign of things to come
Legal Revenue ‘extremely concerned’ over issues raised in objection to Dylan McGrath restaurant rescueA company connected to the Mercantile Group has objected to the Scarp restructuring of Brasserie Sixty6
Business Number of insolvencies to rise next year, says Isme bossDespite the certainty that insolvencies among small firms will increase in 2023, Neil McDonnell says Isme is not in favour of supporting ‘zombie companies’ that can’t pay their way
Closures Expert signals end to ‘corporate wonderland’ for failing firmsGraham Kenny, a partner at Eversheds-Sutherland, warns of a wave of insolvencies as state supports and creditor forbearance evaporate
Business Removal of state supports may reveal a worrying wobble in SME sectorWhile our eyes have been diverted to the giant tech companies and their recent job cuts, have we missed a wider underlying problem with our small firms?
Companies Entertainment.ie owner enters rescue scheme for companies under serious financial pressureDublin-based digital media firm Packed House seeks ‘rescue plan’ amid mounting debts and losses
Business Government to keep tax warehousing scheme under reviewNo decision has been taken whether to extend the scheme or not
Companies Businesses face new year shock as Revenue sends in the sheriffsRevenue sheriffs will seek to collect as much as €500 million in outstanding tax debt in Q1 of 2023 – just as firms struggle to cope with high fuel costs and the cost of living crisis
Business Hundreds of businesses may fail before end of year, experts sayCorporate insolvency practitioners claim factors including rising energy costs, the loss of government pandemic supports and inflation will wipe out weaker companies
Hospitality Dylan McGrath restaurants saved after rescue plan agreed The businesses behind Dublin restaurants Rustic Stone and Brasserie Sixty6, co-owned by the well-known chef, will have their debts written down as part of the deal
Companies ‘Business as usual’ for Tickets.ie as it enters Scarp, says founderThe new Small Companies Administrative Rescue Process was set up in 2021 to help small companies that are viable but insolvent
Business Ian Guider: Revenue must reconsider hitting SMEs with heavy tax bills It would be a shame if the Revenue Commissioners’ lack of support scuppered one of the government’s best measures to help small firms survive the ongoing turmoil
This Working Life: How Scarp can offer a lifeline to ailing smaller businessThe Small Company Administrative Rescue Process allows firms to restructure their balance sheets in a quick and cost-efficient way
