As published in Business plus, May 2025.
At RSM Ireland, there is a growing shift from traditional insolvency work to proactive, tailored advisory solutions that focus on making businesses future-fit, according to Paddy O’Connell, Restructuring Advisory Partner at the firm.
Historically, restructuring assignments focused on formal insolvency, especially in distressed industries such as retail, hospitality, and construction. But more recently, we’re engaging with businesses experiencing early signs of stress, allowing for pre-emptive planning and risk mitigation before a crisis emerges.
This shift reflects a broader change in mindset. Businesses are seeking support before insolvency becomes inevitable, exploring options like Schemes…