Corporate restructuring specialist appointed as R3 Northern Ireland chair
R3, the trade body for restructuring, turnaround and insolvency professionals, has appointed Scott Murray as its new chair in Northern Ireland.
Scott, who is managing director at Keenan CF, will support R3’s programme of events and represent the interests of restructuring and insolvency professionals across the country.
A licensed insolvency practitioner, Scott brings extensive experience managing complex restructuring and insolvency assignments. He succeeds Ian Leonard, a director at Interpath Advisory (Ireland) who has served as chair of the committee for the past two and a half years.
Caroline Sumner, R3’s chief executive, welcomed the appointment, saying: “Scott brings a wealth of experience and insight to the role and his input will be a real asset to R3 in Northern Ireland. His deep understanding of the challenges facing businesses, alongside his commitment to the profession, will be invaluable as we continue to support members and engage with policymakers, regulators and the wider professional community.”
Commenting on his appointment, Scott said: “I am honoured to take on the role of chair of R3 Northern Ireland and I look forward to building on the strong work of my predecessor, Ian Leonard. R3’s Northern Ireland committee plays a key role in promoting the profession and ensuring local perspectives are reflected at a national level.
“With insolvency-related activity on the increase in Northern Ireland, as demonstrated in R3’s Annual Business Health Report, which found there was a 20% increase in cases in 2025, R3 members’ expertise is in high demand. I look forward to supporting professionals across the region and helping to promote the vital role the restructuring and insolvency profession plays in the wider economy.”
The R3 Annual Business Health Report, compiled using data from Creditsafe, showed a 20.2% increase in insolvency-related activity in Northern Ireland in 2025. This included administrations as well as voluntary and compulsory liquidations, rising to 297 cases compared to 247 cases in 2024.
The report also highlighted a significant decline in business start‑ups in Northern Ireland, which fell by 35.3% from 16,664 in 2024 to 10,781 in 2025.