‘A matter of days’ from insolvency: How an Irish company came back from the brink

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Scarp,Kerry

Inside Business podcast with Ciarán Hancock

Host Ciarán Hancock is joined by the owner of Moriarty’s, a family run craft shop and restaurant in the Gap of Dunloe in KerryBased in the Gap of Dunloe, Moriarty’s was one of the first SMEs in Ireland to use a new small company rescue process called Scarp, introduced by the Government at the end of 2021. Photograph: David CreedonThe Covid-19 pandemic that hit in March 2020 hammered the Irish hospitality and retail sectors.

The company survived this near-death experience by becoming one of the first SMEs in Ireland to use a new small company rescue process called Scarp, introduced by the Government at the end of 2021. He began by recalling Moriarty’s early days, from its opening in 1964 and its growth story up to when the pandemic hit in early 2020.Your top stories on Wednesday: Harrington makes history in Paris; Garda operation for Starmer visit could be undermined by expenses rowRoss O'Carroll-Kelly

 

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