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.
From the RTÉ Guide to food packaging for Musgraves, Drogheda-based Boylan Printing has an enviable client list. But Covid-era debt and soaring energy costs have left it millions in the red.
Founded by Frank Carroll and Alfred Cochrane 40 years ago, Alfrank Designs is facing mounting debts after several loss-making years.
Chief executive Jamie O’Rourke is bidding to retain control of Mainline Power, the Cork-based electrical engineering services firm that is currently in examinership. He faces competition from two potential trade buyers.
New data shows what type of companies are availing of Scarp, how they are financing rescue plans, and whether owners retain control after the restructuring process.
Chinese businessman Colm Wu saw two of his businesses go into examinership last year. One has been rescued by new investors but the other, which owns Mulligan & Haines, is now in liquidation.
Freshly Chopped Ltd only recently entered the Scarp insolvency process over financial challenges faced by the four locations. Several interested parties are now looking to acquire the company operating them.
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