The Examinership mechanism for rescuing companies has “saved” 159 jobs in the second quarter, according to the latest figures released from Hughes Blake. Read the full article in The Irish Times.
Market Leaders in the Examinership Sector
“A procedure unique to Ireland, examinership is a rescue process designed to help any struggling business recover from insolvency.
Available since 1990, examinership involves the appointment of an accountant as “Examiner” by a Judge in the Circuit Court (or High Court for large companies) to shepherd the company through a breathing-space restructuring period of up to 100 days. The process was responsible for maintaining over 2,500 jobs in Ireland last year.”
Neil Hughes, Examiner, Managing Partner, Hughes Blake Chartered Accountants
EXAMINERSHIP BY HUGHES BLAKE
Hughes Blake are market leaders in the examinership sector.
We have been involved in over 100 examinership cases to date.
At Hughes Blake we are dedicated to the preservation of viable businesses.
90% Success Rate
To date, Hughes Blake has a success rate of over 90% of all the cases we have been involved in.
We are specialists in Examinerships for retail businesses.
Focus On Value
There is no requirement for upfront examinership fees.
Partners take a personal interest in every examinership appointment.
We are passionate about saving businesses and preserving employment.
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Small firms advised to apply for court protection. Read the full story in the Irish Times
Design agency directors Dan Byrne and Daniel Noel Coughlan get court protection from its creditors while a financial rescue plan is sought. Read the full article in the Irish times http://www.irishtimes.com/business/media-and-marketing/huguenot-xmi-granted-request-for-examinership-1.2544536
In the today’s Irish Examiner, Neil Hughes Examiner and Managing Partner at Hughes Blake discusses how despite the increase in consumer sentiment, retailers across the country are continuing to turn to examinership to address legacy issues such as unsustainable leases and high debt. Read the full article by clicking on the image below
18 jobs were saved in Ferns today when Lodgewood Engineering emerged from Examinership. In the High Court in Dublin a scheme was approved which allows the company to continue trading as one of the leading engineering companies in the South East. The company also operates a tool and garden machinery centre off the N11 just […]
Examinership helped to save 1,251 jobs this year The economy may be in recovery mode but Irish companies are continuing to turn to examinership as they seek to deal with legacy issues such as unsustainable leases and debt. New figures from chartered accountants Hughes Blake, a firm which provides examinership services, indicates that 1,251 jobs […]