Oireachtas Joint and Select Committees

Wednesday, 8 May 2024

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Small Companies Administrative Rescue Process: Discussion

Photo of David StantonDavid Stanton (Cork East, Fine Gael) | Oireachtas source

We found out that 663 corporate insolvencies were recorded in Ireland in 2023, according to a report from, I understand, Deloitte. I have a note that there have been 214 so far this year. Those numbers seem quite large compared with the number of companies entering SCARP.

Is it Ms O'Dea's view that more companies should avail of SCARP, looking at the large number of insolvencies? Does Ms O'Dea have any knowledge as to whether any of these companies that enter insolvency could have gone down the road of SCARP?

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