This year is seeing steady pick-up in companies being placed into liquidation, whilst the number of companies enquiring about SCARP has significantly increased since April 2023, according to Tom Murray, director at Friel Stafford.
Murray is an insolvency practitioner with over 25 years of experience and has acted as liquidator, receiver and examiner for over 1,500 companies. He is one of the few dual corporate insolvency and Personal Insolvency Practitioners in Ireland, and chairs the insolvency committee of the Consultative Committee of Accountancy Bodies Ireland, an umbrella group of the accountancy profession.
Liquidations follow litigation or creditor pressure, says Murray. In quarter 2 of 2023 we are seeing increased creditors acti…
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