Oireachtas Joint and Select Committees
Thursday, 9 October 2014
Public Accounts Committee
2013 Annual Accounts of Shannon Free Airport Development Company
1:25 pm
Mr. Ray O'Driscoll:
My recollection is a significant portion of the rent is paid by a small number of tenants. In the main, the tenants are high quality ones who pay their bills. A large proportion of the rental income is from between 50 and 70 high quality tenants. We do not have many issues with rent collection from the high quality tenants. There are more problems the lower down the scale one goes. We have a credit committee and frequent credit meetings. We go through the legal process where required and we interact and engage with the tenants to see whether we can work with them and come up with an agreement and strategy to help them work through their problems.
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