From early March, Nicholas O’Dwyer, a partner with Grant Thornton, has been attempting to piece together a rescue plan to salvage a Galway-based manufacturer of wearable technology devices. Bio-Medical Research (BRM), maker of Slendertone and the Flex Belt, went into examinership on March 7, and O’Dwyer has spent the intervening period negotiating with potential investors and creditors. There was a significant business to save. The company employs more than 50 people and its products are sold online and in bricks and mortar stores across 20 countries globally. However, BMR had €8.6 million of overdue trade creditors and was facing insolvency.…

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