Trade returns are positive but lower than projected at the well-known bar and restaurant that entered examinership in June over Revenue debts of over €1.7m.
Founded in 1971, the company which operates Captain Americas on Grafton Street has had an interim examiner appointed. Over the decades, it hosted U2 and Chris de Burgh.
The winding down of a Lufthansa contract is among the “financial and logistical difficulties” facing the airline, the court heard. It is the second time in five years CityJet has been granted court protection.
An independent expert report has been circulated to creditors of Instrotec, a specialist company with a proud history. The report reveals three major issues with contracts in Ireland, Sweden and the Netherlands.
The Dublin-based hospitality group is behind 12 popular venues. It now seeks examinership after alternative lender Relm demanded the repayment of guarantees.
Founded in 2000 by Donal and Donna Johnston, specialist electrical and instrumentation contractor Instrotec has a proud history. It is now, however, seeking the protection of the courts.
The existence of a Revenue audit was not disclosed when an interim examinership was first pursued in court last November. A company director maintained this was “inadvertent” and not down to bad faith.
The engineering firm has gone into liquidation. It shrunk from 45 staff in 2023 to just 10 last year and hoped for big contracts and outside investment to save the business. They didn't come through.
The Bray-based engineering firm was hoping that €47 million worth of contracts would be awarded in early January and save the company from liquidation. They haven't been and so its fate will be decided later this month.
The High Court has granted the Bray-based engineering firm a "tight" examinership. The company is betting on winning a €47m contract and securing outside investment in its attempt to avoid liquidation.
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