The Small Company Administrative Rescue Process was passed into law on the 7th December 2021 – This provides a cheaper option than Examinership to restructure Small Companies More Info
Death, divorce, disability and departure - these events, by no means unusual or uncommon, can instantly throw a small company into disarray. Click here to download the complete article.
Over the next decade it is predicted that 20 million privately owned businesses are going to come up for sale in the western economies. By any level of estimates this is a major economic consequence requiring detailed transition planning. Given that the majority of SME business owners are part of this ageing 'baby boomer' population, [...]
Would you ever think of selling your house without getting it ready for inspection? Managing transition and getting your business ready for sale. Click here to download the complete article.
Valuation, sale, due diligence & moving on after the sale of a business. Click here to download the complete article.
Appointed receiver by Bank of Ireland in March 2016. Sold business including premises, company cars etc. to Capital Hair & Beauty Ltd., a UK market leader in hairdressing products. Collected debtors following the crystalisation of the BOI floating charge to a fixed charge.
Circuit Court approves Personal Insolvency Arrangement on unanimous approval at Creditors Meeting. The confirmation by the Circuit Court of a PIA with total unsecured creditors of €1.98M would appear to be the first major PIA that the banks have agreed to and did not opt to use their veto. The PIA was put together by Jim Stafford of Friel Stafford. The [...]
Charlie O’Hurley appointed as Liquidator of J.K.O’Connor (Emporium) Ltd. The Company operated a Gents & Boys outfitter in Castleisland, Co Kerry for 34 years with the business having operated in family ownership for several generations prior to incorporation. The Landmark Premises, as shown on the Company web site www.jkoconnors.weebly.com , from which the business operated [...]
A part-developed business park on Limerick Shannon road which had 3 completed warehouses with further site development, which had planning permission for a hotel and further warehouses. Succesfully disposed of warehousing & part-developed site.