Oireachtas Joint and Select Committees

Wednesday, 8 May 2024

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Small Companies Administrative Rescue Process: Discussion

Ms Fiona O'Dea:

I am not in a position to be able to give the Deputy the reasons businesses have entered SCARP. I have no information in this regard. An insolvency practitioner is called in who makes a determination. The Act sets out the bar companies must reach in order to be able to enter into SCARP. We do not collate data as to why businesses have entered SCARP in the first place or why they have been successful or not successful in terms of the SCARP process, if that is the question the Deputy is asking.

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