SMEs using examinership less as they share in economic recovery - index

SMEs using examinership less as they share in economic recovery - index

Small and medium businesses are sharing in the Irish economic recovery, new research released today shows.

The Hughes Blake SME Examinership Index shows 138 jobs were saved through examinership in the first three months of this year, down 63% on the same quarter last year when 372 jobs were saved.

The figures indicate demand for examinership as a corporate recovery mechanism is decreasing, Hughes Blake said.

However, insolvency experts warn that increasing the role that private equity funds are playing in the Irish market will still remain a challenge for SMEs.

The tourism and construction sectors both benefited from examinership in the first quarter.

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