Vulture funds ‘pressuring’ companies

Pressure being applied by so-called vulture funds on Irish firms to repay loans is resulting in a rise in examinership applications, research indicates.

New information from accountancy firm Baker Tilly Hughes Blake shows that 380 jobs were saved through companies seeking protection via the examinership process in the first quarter of the year — up from 138 in the same period last year.

While welcoming this, Baker Tilly said the rise in examinerships is “concerning”.