Consolidation and clusters needed to boost SMEs
In its ‘How to be a Stand-Out SME’ report, the first comprehensive study, benchmarking Irish SMEs against their European counterparts, accountancy giant Mazars has suggested that in order to create a base of strong SMEs, with good balance sheets and reasonable scale, more joint venture agreements and merger/acquisition activity may be needed.
Joe Carr (global leader of SME advisory services at Mazars) said Irish SMEs compare favourably in terms of size with their counterparts in Britain, Germany, France, Spain and beyond, but lag performance-wise.
