Irish Company Insolvencies Expected to Peak Next Year
“In the short-term my prediction is that insolvency numbers will return in 2021 to the worst numbers of the last recession,” said Neil Hughes, Managing Partner. “However, I expect them to drop back down sharply again in 2022.” As the economic fallout from COVID-19 continues, the level of corporate insolvencies in [...]
Entire Workforce Saved As Supreme Deliveries Exits Examinership
Supreme Deliveries, the operator of the sole DPD depot in Galway, has successfully exited examinership, employing 14 more people than it did when it entered the process. Managing Partner Neil Hughes was appointed as the examiner to Supreme Deliveries in March, as the coronavirus crisis was rapidly evolving. At the [...]
Podcast: Neil Hughes on South East Radio’s Morning Mix
“The process of examinership has the capacity in the next couple of years, to save thousands upon thousands of jobs across Ireland.” Neil Hughes, Managing Partner, on the mechanisms of examinership and why the €120 million Trinity Wharf project in County Wexford is the type of world class infrastructure that will attract [...]
Shamrock Rovers – 15 Years On From The Brink of Extinction
'The task that faced accountant Neil Hughes, appointed examiner by Mr Justice Peter Kelly, was colossal.' 'But thanks to the 400 Club - a group of fans set up less than three years earlier - Rovers were funded through examinership.' Words from 'Rovers - 15 Years on from the Brink [...]
Neil Hughes On The Morning Mix With Alan Corcoran
Podcast: Neil Hughes, Managing Partner, chats with Alan Corcoran on South East Radio’s Morning Mix about the importance of turning to credible media outlets for reliable and accurate updates and why businesses should create cash forecasts based on 2013 projections. Listen here: If you have any questions [...]
Business Recovery: Transparency is Key
We continue to highlight Managing Partner Neil Hughes’ ‘Seven Cs of Business Recovery.’ As businesses battle the impact of COVID-19, it’s important to adopt the appropriate measures; Now, for tomorrow. I recently discussed the importance of seeking counsel from a carefully selected group of advisors. Now, for the next step on your [...]
Business Recovery: Now Is the Time To Seek Counsel
Business rescue has returned to the forefront in Ireland as a result of the economic impact of Covid-19 across the globe. Here, we highlight Managing Partner Neil Hughes’ ‘Seven Cs of Business Recovery.’ As businesses face extreme challenges, it’s important to adopt the appropriate measures; Now, for tomorrow. Following Ireland’s [...]
SPOTLIGHT ON EXAMINERSHIP: ‘Success Stories – Challenges Met and Overcome’
As businesses respond to COVID-19, it’s important to remember that with the right support and strategies in place, significant challenges can be overcome. In the final part of our 'Spotlight' series on examinership, Dessie Morrow, Corporate Advisory Director, writes about companies which have engaged in the examinership process due to [...]
Examinership saved almost 600 jobs last year across 19 different companies
Still an underutilised process, examinership saved almost 600 jobs last year. According to Neil Hughes, Managing Partner at Baker Tilly, the growing number of companies availing of the rescue mechanism is to be welcomed given the uncertainty surrounding Brexit. Full article appears in The Irish Times. Read more here
SPOTLIGHT ON EXAMINERSHIP: ‘Our focus is rescuing companies that may otherwise fail’
In the second of a three-part series of articles, Dessie Morrow, Director in Corporate Advisory shares his insights on the benefits of examinership, exiting the process and why Baker Tilly are unrivalled in leading cases. What are the benefits for the company going into an examinership? There are many benefits. [...]
Spotlight on Examinership: ‘A Rescue Mechanism
In the first of a three-part series of articles, Dessie Morrow, Director in Corporate Advisory discusses examinership. What does the process involve? And what determines whether a company is a candidate for examinership? The Examinership Process The examinership process is a Corporate Advisory rescue mechanism which provides Court protection of [...]
Examinership: ‘Those who are transparent – they’re the ones who are more likely to come out the far side’
Read the recent news article that highlights the numbers opting for examinership https://bit.ly/2KzrhYn
Conor Noone appointed Examiner to Limerick FC
The High Court on Friday 13th September 2019 confirmed the appointment of Conor Noone to Munster Football Club Limited t/a Limerick FC. For the full story on RTE's website, please click here
The Survival of Three Companies and 79 Jobs
A successful conclusion to a challenging examinership ensuring the survival of three companies and 79 jobs. Another excellent example of the benefits of examinership for viable businesses and enterprises. Great to see coverage in @TheIrishTimes and in other media.
Sarah-Jane O’Keeffe Becomes Ireland’s First Female Examiner
A small bit of history was made yesterday as Baker Tilly's Sarah-Jane O'Keeffe was appointed Ireland's first female examiner. The Circuit Court in Dundalk appointed Sarah-Jane O'Keeffe to the Eastern Seaboard restaurant and bakery in Drogheda, Co Louth, where 43 jobs are at risk. This is the first time a [...]