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.
Wiped of billions in debt, the Irish-headquartered pharmaceutical manufacturer has been given a second clean slate in as many years. The court was told the circumstances that pushed the group into financial difficulties this time round were unlikely to recur any time soon.
Interim examiners were appointed to pubs owned by businessman Colm Wu. An independent expert report has found a "concerning disregard for both internal control measures and adherence to Company Law" in one of his companies.
An interim examiner has been appointed to the Cornstore steakhouses in Cork and Limerick and the more casual Coqbull restaurant chain. The move means receivers appointed by a Swedish fund to the insolvent businesses last Friday will be stood down.
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