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Full coverage: Insolvency

The man from Mazars: Tom O’Brien on inflation, expansion and tackling the Big Four

As managing partner of Mazars, Tom O’Brien leads a growing firm in an industry in flux. In this interview, he talks about being a liquidator during the crash, his ambitions for Mazars and the outlook for the Irish economy.

Ian Kehoe
6th Jul, 2022 - 9 min read

Its assets sold through a pre-pack receivership, Pharmapod is now calling in a liquidator

Pharmapod’s assets were sold last year through a pre-pack receivership for around €1.5m. Now, creditors of the Irish software company are poised to wind up the remnants of the company.

Ian Kehoe
17th Jun, 2022 - 4 min read

As Beechbrook seizes control of Slendertone assets, the wearable tech company is now back in play

First, it went into examinership. A liquidation followed. Now, the company behind Slendertone has gone into receivership following a move by its main backer, the British lender Beechbrook Capital. The move could yet salvage the brand.

Ian Kehoe
8th Jun, 2022 - 4 min read

Having failed to secure a new investor, Slendertone has collapsed into liquidation

The High Court has appointed a liquidator to Galway-based wearable technology company Bio-Medical Research, the maker of Slendertone. The business had been in examinership since March but had failed to find a new investor.

Ian Kehoe
2nd Jun, 2022 - 2 min read

Multiple identities and a contested €2m wage subsidy claim: The curious insolvency of a Dublin transport company

The Currency has identified over 30 companies or business names connected with the directors of B Logistics over the past 20 years. They have one thing in common: All have failed.

Thomas Hubert
27th May, 2022 - 10 min read

Unpicking XS Direct: The €80m IPO candidate that left behind a €25m deficit  

New documents lay bare the financial plight of XS Direct, revealing details of how much the main creditors, including Beach Point Capital, are owed. They also disclose efforts to sell the company’s insurance book and intellectual property.

Ian Kehoe
24th May, 2022 - 4 min read

Two years after being salvaged from liquidation, Usit faces the test of a J1 visa surge

David Andrews lost his student travel business in the first Covid lockdown, then rebuilt it in Ireland and in the UK around summer work programmes. As customers complain of delays, can Usit be reborn yet again?

Thomas Hubert
29th Apr, 2022 - 5 min read

Drugs, lawsuits and billions of dollars: Behind the scenes at Ireland’s largest ever insolvency

Mallinckrodt, a 155-year-old US pharmaceutical manufacturer, came to Ireland in 2013 to set up an intricate corporate and tax structure. After thousands of legal actions threatened to shut it down, its salvage deal has just cleared an Irish examinership.

Thomas Hubert
28th Apr, 2022 - 4 min read

Bidders, redundancies, and reconfiguration: The battle to salvage an Irish magnesium manufacturing plant

Quoted Australian company Calix was set to acquire Co Louth firm Premier Periclase out of examinership. However, it has now pulled out due to spiralling gas prices and the only other bidder wants to reduce its 94 staff by 66%. What happens next?

Ian Kehoe
13th Apr, 2022 - 6 min read

Litany of failures: Dolphin Trust unit’s liquidator issues legal letters to 13 parties

Only a fraction of the €42m raised from Irish investors through an investment vehicle into a collapsed German property scheme is likely to be recovered, Myles Kirby has said in an update to creditors on the “complex” liquidation.

Tom Lyons
1st Apr, 2022 - 5 min read
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