Having spent most of the past 20 years in China, furniture designer Frank Carroll saw his company Alfrank Designs face insolvency last year. Aged 71, he was asked: “Do you still want to do it?”
The High Court has reversed a Labour Court decision in favour of a former employee at Debenhams, a move that has implications for a further 800 former workers. The move comes following a successful appeal by the company’s liquidators.
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.
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.
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.
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.
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.
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.
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.
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.
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