Topics discussed
Identifying early distress in Irish businesses: The hidden pre-process phase
Ian looks at what can happen before a formal rescue process begins, and why recognising financial stress and seeking an independent perspective early can help businesses retain more options.
Why Irish businesses avoid formal rescue and when grit isn’t enough
From the instinct to work through difficulties independently to concerns about formal restructuring, the conversation explores why businesses may delay action and how to distinguish a temporary cash-flow challenge from a more fundamental viability issue.
Navigating the SCARP process: Restructuring debt and securing investment
Where more significant intervention is required, Ian explains how SCARP can help viable small and micro companies restructure debt, develop a rescue plan and potentially secure new investment.
The cost of seeking restructuring advice
The discussion then turns to a practical concern for businesses already under financial pressure: what it costs to seek advice and how the costs associated with formal rescue processes can work in practice.
What surprises businesses going through a rescue process?
Ian shares some of the realities businesses may not anticipate, from challenging creditor conversations to the important distinction that the board continues to run the business throughout the process.
Ireland’s corporate rescue culture: A comparison with European and US approaches
Finally, Ian considers Ireland’s relatively low use of corporate rescue processes and how the approach compares with the UK, Europe and the US.
Content adapted from Taking Stock, Newstalk.
