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PR: SMEs need a better lifeboat.

PRESS RELEASE: SMEs need a better lifeboat.


  • Ireland’s examinership process is too expensive and cumbersome for most small businesses.
  • SMEs need a simpler, administrative form of examinership available to them.
  • As Covid-19 shutters many businesses, ISME believes that now is the time to put a simpler form of examinership in place.

In view of the critical situation many businesses now find themselves in as a result of a prolonged period without trading, it is inevitable that a great many will be in commercial difficulty. While larger businesses can avail of Ireland’s examinership process, in practice this is too expensive and cumbersome for most small businesses.

Many SMEs will therefore be at the mercy of their creditors. Many of these smaller businesses would be viable, and the jobs within them could be saved, if a simpler, administrative form of examinership was available to them.

ISME believes that now is the time to put such an arrangement in place, and has made a proposal to the Minister for Business, Enterprise and Innovation to amend our current examinership provisions.

Corporate restructuring and insolvency specialist Barry Lyons has consolidated our proposal.

Barry Lyons said:

“Examinership, which is the Irish Corporate recovery process, needs to be dramatically simplified, and made cheaper and more accessible to small and medium enterprises. The main suggestion is to remove the requirement for Court oversight with the attendant costs; while leaving the process subject to judicial oversight should that be needed.”



  • Read our Administrative Examinership Proposal here
  • ISME CEO Neil McDonnell is available for interview
  • Barry Lyons specialises in the area of Corporate Recovery including Examinerships, Receiverships and Liquidations. He has advised on some of the largest corporate restructuring cases in the state spanning business sectors such as real-estate development companies, construction, hotel and leisure and retail. Mr Lyons also has extensive experience in commercial litigation and advises companies on matters relating to commercial and corporate transactions. Barry is a regular contributor on corporate recovery topics to national and local print and broadcast media. His articles have featured in publications such as The Irish Times, The Irish Independent, The Sunday Business Post and The Law Society Gazette. He is contactable at blyons@lyonssolicitors.ie or Phone: 01 539 0060 / 086 831 6326
  • ISME should be referred to as the Irish SME Association