Creditors agreed to the wind-up of the companies, which owe millions of euro. Meanwhile, a separate row between McKillen Jr and his property lender Relm is escalating in the High Court.
Holders of loan notes in Arena Capital Partners are facing losing up to three quarters of their money. A group of them are forming a committee to represent their interests.
Doors and windows company, DK Windows, caused a stir when it collapsed last December with over 200 customer orders on its books.
Founded in 2014, Arena has interests in wind and solar as well as affordable housing. The High Court heard it has “unsustainably high” debt and must be restructured by Shane McCarthy, an examiner from KPMG, to survive.
New data sheds light on the Small Company Administrative Rescue Process, revealing low uptake, mixed outcomes, and surprising patterns in jobs saved — as well as the limited role of Revenue’s veto.
The Eclective company founded by Paddy McKillen Jr has been under court protection since May this year. The new investor and secured creditor are "effectively in situ” and the business is running, the court heard.
When directors abuse the trust placed in them, the fallout can be devastating—not just for creditors, employees, or the taxman, but for the public at large.
The company behind Flanagan's Restaurant and Bar on O'Connell Street and Dublin construction firm JV Ledwith are the newest entrants into the scheme that aims to help small businesses avoid collapse.
Mark Henry was one of the most high-profile builders in Britain. Born in Sligo, his business collapsed in June 2023. Now the administrators of that firm are making serious allegations against him and family members, which they are expected to defend.
Brothers Cormac and Gavin Quinlan appointed Kennedy to liquidate two of their companies with assets of €800,000. In May, they removed him as liquidator. They have asked their new liquidators to get their money back.
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