A €10m fund is being set up for creditors who are not covered by credit insurance under the terms of receivership at Superquinn. Continue reading
Our weekly podcast is back with a few changes: moving to Fridays and with a new longer format. This week we report on the Superquinn receivership: Avine McNally of the Small Firms Association highlights the plight of suppliers to the chain who are worried they will not be paid. Gerry Moan joins us to talk about SmartStart.ie, which is a new structured approach to investing in and mentoring startups. SmartStart’s first 5 companies will pitch to investors at an event next Thursday in Shelbourne Racecourse – and FocuSME will be there to report on it!
Finally Kehlan and Conn join social entrepreneur Margaret Keane for a cup of coffee and hear all about her company MissionV and its plans to bring virtual worlds and game-based learning to Irish schools.
Like what you hear? Subscribe for free in iTunes and never miss an episode!
The resignation of Andrew Street from the position of Chief Executive at Superquinn, has highlighted the plight of small business suppliers owed money by the Irish retail giant. Suppliers to the chain are facing unpaid debts of up to €25m, out of an estimated €51m due to unsecured creditors Continue reading
ISME, the Irish Small & Medium Enterprises Association, has demanded that the Government intervene to ensure that small suppliers to Superquinn are paid for goods supplied prior to the banks putting in a receiver. Continue reading
It was an emotional night and a joyous morning as suppliers woke to the news that Superquinn had been bought by the Musgraves Group, just hours after going into administration. Continue reading