AFTER MORE THAN a decade in Ireland, Geneva-headquartered consultancy firm Procorre is shuttering its Dublin office.
According to a notice published by the Companies Registration Office, a creditors’ meeting has been called for the end of this month, when a liquidator will be appointed for locally registered entities Procorre Consulting Limited and Procorre Limited.
A spokesman for the outfit, which also operates offices in the UK, Switzerland and Singapore, said the withdrawal from Ireland is the result of a “strategic business decision”.
“Unfortunately, despite the dedication of our valued team, it simply wasn’t viable to maintain such a large presence in Dublin.”
He said the closure “does not impact the rest of the group’s operational capability” and that Procorre’s existing Irish clients will be managed “via other group entities”.
One former employee privately described the decision to close the Irish unit as “a shock”.
The company provides consultancy services across a range of specialist areas including IT, cybersecurity, financial services and medical devices.
It claims to have access to 1,000 consultants around the world with experience working on projects for “multinationals and global conglomerates” and says it has the ability to “operate in over 120 countries”.
It lists Unilever and Nasdaq-quoted AxoGen among its more than 500 clients.
According to Procorre Consulting Limited’s 2017 accounts, the company recorded sales of €12.1 million, an increase of just over €220,000 on 2016′s tally. It reported a small profit for the year of just over €18,640.
It directly employed an average monthly staff of 22 people in 2017 and its wages and salaries bill worked out at roughly €49,550 per head.
Company filings show that three directors exited the company between November last year and the end of January 2019.
Procorre Limited delivered a €46,591 profit in 2017 and directly employed an average monthly staff of 24.
In October of last year, Procorre announced a campaign to recruit 100 women to consultancy positions in 100 days.