A very substantial business with bluechip customers and an attractive product that has wound up in a perilous financial situation. That was how the confectioner Broderick’s was characterised in the High Court this Monday afternoon. At least that is how it was presented by lawyers for the minority shareholder Barry Broderick, son of the founders of what was once a family-run business, who is seeking the appointment of an examiner to the company over claims that it is insolvent with debts of close to €9 million. Opening the petition on Monday, senior counsel John O’Donnell, on behalf of Barry Broderick,…
Cancel at any time. Are you already a member? Log in here.
Want to continue reading?
Join today with an Annual membership and get full access to The Currency for just €200 (68c per day) or try monthly membership for just €5 for your first month.