A lynchpin construction company of the Celtic Tiger-era property magnate Bernard McNamara has gone into liquidation with multi-million euro debts. A creditors’ meeting for MB McNamara Construction was held this morning at the Grand Canal Hotel on Grand Canal Street Upper. Myles Kirby, founding partner of the accountancy firm Kirby Healy, has been installed as liquidator. According to a statement of affairs circulated to creditors, claims from unsecured creditors come to a little over €22.4 million. The company has assets with a net book value of close to €1.2 million, of which close to €850,000 is estimated to be realised.…
Cancel at any time. Are you already a member? Log in here.
Want to read the full story?
Unlock this article – and everything else on The Currency – with an annual membership and receive a free Samsonite Upscape suitcase, retailing at €235, delivered to your door.