Examinership helps sustain 2,000 jobs
More than 2,000 jobs were saved in 2016 as a result of successful Examinerships, including more than a quarter in small and medium enterprises (SMEs).
That's according to Baker Tilly Hughes Blake's Examinership Index 2016. It shows 2,132 jobs were saved through Examinations during the year. A quarterly breakdown reveals that the largest number of jobs were saved in the third quarter of the year, when Debenhams successfully exited an Examinership process, helping preserve 1,415 jobs in that company alone.
Neil Hughes, managing partner at Baker Tilly Hughes Blake, said there was a decrease in the number of jobs saved in 2016 at SMEs compared with 2015, because fewer companies got into trouble as the economy recovered.
In 2017 the Brexit process will present a new challenge especially for firms reliant on exports and companies located along the border, he said.