Kerrigan, why do you think this is happening?
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Our Central Bank is applying draconian rules on Debt Management Companies. THey are giving Debt Management Companies very little notice to get in line with Central Bank Ultimatum.
The central bank require companies to have 120,000 bond up front to central bank. this is not so in uk as uk know that this issue is exempt.
From a Debt Management Company view it is easier to move to say Newry and work away in Republic under Uk l supervision. The BIG ISSUE is that they can legally operate without the spectre of a Central Bank.
One I know of had NO ISSUE with their payments etc yet Central Bank TOLD them they would have them closed and would be named in the Press.
It doesn,t take a genius to figure what that would do to an honest business.!!
COMMENT; Nice to see our Central Bank knows more than the UK !!!
Methinks the only companies that may survive are their BIG friends.
I really DO try not to be cynical !!!
Also Jobs are lost in ROI .