Examinership not best model to save SMEs

The Government’s decision to allow companies apply for examinership in the Circuit Court rather than the High Court is a small step in the right direction, but it falls a long way short of its stated aim of providing affordable and accessible restructuring options for SMEs.

Fortunately, we do not have to look very far to find a workable model that could ensure the survival of struggling small companies.

Some of the 5,000 companies which have gone into insolvent liquidation since 2009 had no prospect of survival, but many could have been rescued if directors had the right tools available to them.