Scarp business rescue process saves 561 jobs in two year period

The process aims to facilitate simplified out-of-court debt restructuring for small businesses deemed to be viable

The report also found that the hospitality, construction, and advertising sectors accounted for half of all SCARP cases to date.

Some 561 jobs have been saved to date as a result of the rescue process for small and micro companies since its introduction exactly two years ago, according to Azets Ireland.

The professional services firm, formerly known as Baker Tilly Ireland, noted a “marked increase in demand” for Scarp in 2023 with expectations that this would continue into next year.