The accountancy firm Grant Thornton has been appointed as liquidator to 13 separate companies within the Torca Homes group of companies. Debts associated with these companies are substantial. Founded in 2012, Torca Developments was set up as a housebuilder as the property market in Ireland began to recover. It started small, building and selling a single house in Dalkey in 2015, and then successfully building a small development in Sandycove, Co Dublin. As a result of the success of these two projects, it then bought sites in Glenageary, Thomastown, Enniscorthy, Dundalk, Castleconnell and Ballymun. It set up special-purpose vehicles to…

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