More than two-thirds of the companies that have entered the Small Companies Administrative Rescue Process (Scarp) have had their rescue plans approved by creditors, saving 367 jobs to date, fresh data shows. The figures, which were analysed by JW accountants, a specialist advisory firm based in Dublin, show fifteen out of the 22 companies that have entered Scarp have had their rescue plans approved. One case is still ongoing. The companies, which have used it to date, are predominantly spread across hospitality, retail, construction, and marketing and media. The Scarp process was first introduced in December 2021 to provide a…
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