Thousands of business owners breathed a sigh of relief when the Government eased the repayment terms for €1.72bn in tax liabilities parked since the pandemic but the “cheapest finance” scheme has multiple costs, too.
The six pubs in Dublin and Galway including popular venues like Against the Grain, the Black Sheep and the Salt House. The group has a reasonable prospect of survival if it can be restructured.
Irish headquartered Endo is seeking approval for a twin track US-Irish insolvency package. Globally, the group has been subject to thousands of lawsuits over opioid and mesh products, including proceedings in Ireland.
Bio-Marine Ingredients has been hit by rising energy and others costs. Facing a €42m deficit, its process advisor wants to lift certain charges on its assets in order to bring in a new investor.
An interim examiners' report into a pub owned by businessman Colm Wu found "serious issues" with the business including issues around corporate governance, but it sees the firm as having a reasonable prospect of survival.
Once backed by savvy investors, Scrumdiddly’s has entered the Scarp insolvency process after a rainy summer added to mounting debt pressure.
According to Revenue, persons in control of Phoenix-type businesses may take steps to conceal these criteria. Now the tax authority claims that this is the case in relation to a Wexford logistics business.
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.
Killeen Engineering Fabrication built, installed and maintained high-end gates to residential properties and it secured between 50% and 100% of the costs upfront. So, why has it collapsed into liquidation with the potential loss of 50 jobs?
The founders of Altada once predicted it would be worth $1bn but instead, it went into liquidation. Now there are questions about spending at the start-up, which its founders are expected to defend.
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