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Cashflow club8/31/2023 ![]() ![]() Unfortunately, that is likely to change in coming months. It has barely been used since its introduction in July. Only then will it be possible to assess the effectiveness of the State’s new system for low-cost, no-court restructurings, the Small Company Adminstrative Restructuring Process (Scarp). If there is to be a glut of restaurant and bar insolvencies, it is likely to come next Spring as these businesses run out of cashflow after their failure to fatten for the rest of winter, as they traditionally do over Christmas. The decision this week by Government to accept recommendations from its public health advisers for further restrictions on hospitality businesses is likely to push some of them closer to the brink.
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