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Full coverage: Insolvency

Leading by example: How Alfrank Designs’ owner cut a deal with creditors

The furniture company’s founding shareholder Frank Carroll was also its main creditor when it entered examinership last autumn. This is how he kept control of the business.

Thomas Hubert
5th Mar, 2025 - 2 min read

After failing to secure a rescue package, it is the end of the road for Randridge

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.

Alice Chambers
21st Feb, 2025 - 2 min read

New Look’s Irish demise: The end of the road for the high-street fashion brand

Long-suffering fashion brand New Look is to close in Ireland. The removal of financial support from its UK parent was the final blow in a long story of decline.

Francesca Comyn
20th Feb, 2025 - 4 min read

More woes for the owners of The Green Hen as another firm goes under

Two months after the French-style bistro went bust, Revenue has moved against another group entity over debt. The company Taurus Management Consultancy Ltd used to operate The Grand Social before the venue was sold.

Francesca Comyn
17th Feb, 2025 - 2 min read

Solid trading, heavy debt: The demise of The Green Hen

Warehoused debt, rising costs and the withdrawal of pandemic supports all contributed to the end of a well-loved Dublin establishment. Now a new venture is eyeing up the city-centre lease.

Francesca Comyn
31st Jan, 2025 - 6 min read

Forbearance, jobs, and economic growth: Why Ireland’s corporate insolvency rate is staying low

Ken Tyrrell, a restructuring and insolvency specialist with the accountancy firm PwC, believes that the number of insolvencies will top 1,000 this year. But even that will be well below the 20-year average.

Ian Kehoe
22nd Jan, 2025 - 4 min read

High Court grants interim freezing order of €2m on businessman Colm Wu

Colm Wu ran several hospitality venues in Dublin. However, liquidators of various companies connected to him sought freezing orders after a detailed trawl of company documents.

Tom Lyons
16th Jan, 2025 - 2 min read

Decision on Randridge’s future postponed for two weeks

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.

Alice Chambers
16th Jan, 2025 - 2 min read

Randridge saved by “a slim margin” from liquidation… but only until the new year

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.

Alice Chambers
19th Dec, 2024 - 3 min read

WeWork negotiated substantial rent cut before Docklands building went on sale

The receiver of 2 Dublin Landings has put it on the market at a fraction of its purchase price following lengthy lease renegotiations.

Thomas Hubert
1st Nov, 2024 - 2 min read
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