Rise In Number Of Companies Exiting Examinership
Published on Apr 2 2013 6:57 AM in Retail
Confectionery retailer The Sweet Factory was one of four businesses that successfully exited the examinership process in Q1 2012, according to the latest SME Examinership Index, compiled by accountancy firm Hughes Blake.
According to the Index, examinerships saved 196 jobs during the quarter, a 56% increase compared to the first quarter of 2012.
Other businesses that successfully exited the process during the period are Tougher Oil Distributors, Trade Facilitate and Wexford Viking Glass. The Sunday Business Post newspaper and Muckross Park Hotel in Co Kerry are two well-known businesses still operating under examinership.
“While there are some early signs of economic improvement, for many businesses, day to day trade continues to be challenging and this is putting significant pressure on the cash flow and operations of companies all across the country," said Hughes Blake managing partner Neil Hughes.