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Company Closures

Dáil Éireann Debate, Thursday - 13 November 2025

Thursday, 13 November 2025

Questions (18)

Thomas Gould

Question:

18. Deputy Thomas Gould asked the Minister for Enterprise, Tourism and Employment the actions he has taken to support the employees, couriers and route owners of a company (details supplied). [62050/25]

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Written answers

My thoughts are with all those affected by the receivership of the Nuvion Group (Fastway and others). I know this news is difficult and distressing for all involved.

Receivership is a long-standing legal mechanism for the enforcement of a security. Usually in Ireland, a receiver is an individual appointed by a lender, such as a bank, to take control of a company's or individual's assets that were used as security for a loan. In general, a receiver’s primary function is to secure the assets of the company, which have been mortgaged or charged in favour of the security holder who appointed him or her, and realise those assets so that the secured creditor’s debt is repaid as quickly and efficiently as possible.

Receivers are independent in the exercise of their functions, and I cannot intervene in such matters.

Where employees are affected by receivership, Government works in a coordinated way to assist with income supports and employment and training opportunities for those affected. 

I received a collective redundancy notification from the receivers of the Nuvion Group on 31 October 2025. I understand the receivers are currently undertaking the 30-day consultation with employees’ representatives, as required by law. 

Where their employer has become insolvent, employees’ entitlements are protected under the Redundancy Payments Scheme and Insolvency Payments Scheme. These schemes guarantee employees’ statutory redundancy payments and certain wage-related entitlements, such as arrears of wages and minimum notice. 

The receiver is responsible for applying under the Redundancy and Insolvency Payments Schemes on the employees’ behalf. Processing of these claims cannot occur until the termination of employment has taken place, after the 30-day consultation period concludes.

The Department of Social Protection is engaging directly with the receivers and the affected employees in this case to provide the necessary information and support during this time. My officials been in close contact with that Department to provide clarifications to the receivers and to employees in a coordinated way. 

Employees in need of immediate financial assistance should visit their local Intreo Centre or Social Welfare Branch Office, where an application for an Urgent Needs Payment will be processed as a high priority.

Creditors, including self-employed contractors, should contact the receivers to submit proof of debt and to file a claim regarding unpaid monies/invoices. 

Revenue has confirmed that it will work with individual couriers and businesses and will be pragmatic in its approach where businesses experience cashflow difficulties as a result of the loss of business or payments.

Businesses experiencing cashflow issues as a result of these developments may wish to contact the National Enterprise Hub, which aims to provide a central, all-of-government service to help businesses access government supports.

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