Renewed calls for the continuation of widespread supports for SMEs have been made amid fears of an escalation in company failure rates.
While the Government has moved to push into law new rescue legislation aimed at making it cheaper, easier, and faster for small companies to restructure if in trouble, there is rising concern that insolvency rates will increase when Covid supports begin to be phased out. The hospitality sector is a particular area of concern.
New figures from credit risk analyst CRIFVision-Net show a healthy rise in the number of newly-registered companies in the first half of this year, but an equally high number of company failures.
The figures show a 42% year-on-year rise to …
Read the full article at: https://www.irishexaminer.com/business/economy/arid-40340021.html
