Dáil Éireann Debate, Tuesday - 29 May 2018
501. Deputy Mick Wallace asked the Minister for Communications, Climate Action and Environment his views on the number of contracts his Department and State agencies under his aegis hold with a company (details supplied) in view of its recent announcement regarding the need to raise an emergency €700 million; if contingency plans are in place if the company were to collapse; and if he will make a statement on the matter. [21666/18]
Amharc ar fhreagraCapita Business Support Services Ireland, trading as Eircode, was awarded a 10 year contract in December 2013 to develop, implement, maintain and promote the use of the National Postcode System "Eircode".
As part of normal contract oversight arrangements, Capita has assured my Department that their current financial position will not impact on their capacity to deliver their commitments under the Postcode Management Licence Holder (PMLH) contract. Within this contract there are mechanisms, which include an Exit Plan that allows for the appointment of a replacement PMLH, where necessary.
In addition, Capita, as the parent company of Capita Business Support Services Ireland, as part of the contract to operate Eircode, has provided a parent company guarantee.
My Department continues to work closely with senior executives of Capita and will update its contingency planning if or when required.
