From music festivals to tech start-ups, the Small Company Administrative Rescue Process has become a powerful lifeline for struggling SMEs. Yet experts warn it is not a silver bullet but a race against time that rewards early intervention.
The company behind wearable panic buttons for workers once set out to expand in the US. Now, after years of losses despite winning major hotel brands as customers, it seeks to save the business through Scarp.
Two former directors of collapsed marine engineering firm L&M Keating say a lawsuit could leave them professionally damaged and personally exposed to liabilities of over €20m.
Trinseo has factories worldwide and employs over 120 people in its Dublin office. A deal with creditors will wipe out all shareholders in its Irish-registered parent – but it must first go through the High Court.
Founded in 1974 by the Byrne brothers Ardmore is one of the most successful contractors in Britain. It is under pressure because of the cost of fixing historic projects after new regulations came in post Grenfell.
The High Court heard a phased payment to the tax authority was missed in error and has granted firms linked to the developer time to file an affidavit detailing a proposal to address the tax debts.
Mounting costs, changing consumer behaviour, and “the Shein and Temu effect” have led Jenni Timony to pull the plug on her FitPink clothing brand, she explains.
Liquidators to a company within collapsed women’s and men’s fashion retail chain Born Clothing founded by Joan Lynch and John Curley in 2010 have identified loans to connected parties. This includes €998,000 to Curley.
Two years after it entered the Nasdaq, an Irish company promising to become a leading transatlantic solar power producer is leaving investors and creditors to nurse heavy losses.
Court protection has been extended to the artisan chocolatier in Co Kerry as three investors submit proposals to rescue Paddy McKillen Jr's struggling business.
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