A creditors’ meeting to decide the fate of Workman’s Club Ltd took place on Thursday morning, the High Court heard, and the examiner’s plan to save the company was presented unopposed. The business, an insolvent Paddy McKillen Jr-founded company, was formerly part of the Press Up hospitality group renamed the Eclective Group last February following its takeover by lender Cheyne Capital. It has been under court protection since May when alternative lender Relm sought repayment of guarantees of €10 million. The examiner, PwC accountant Declan McDonald, had had to delay his report, the court heard last week, because of questions…
Cancel at any time. Are you already a member? Log in here.
Want to continue reading?
Introductory offer: Sign up today and pay €200 for an annual membership, a saving of €50.