The medtech firm began to shed money until there was literally "no more gas in the tank". The appointment of an interim examiner by the High Court today has triggered eleventh-hour working capital funding that will pay staff and keep the business afloat.
Gavin McConnon and Brendan Spratt, who co-own Dumbbell Fitness Ltd, have run out of road for their chain of F45 gyms. In a letter to their creditors, they give their account of what went so wrong for the company.
Having failed to raise €50m, Bio-Marine Ingredients Ireland Ltd is using the recently introduced Scarp process to restructure its debts. But first, it wants the High Court to grant it protection from its many creditors.
PWC has been tasked with assessing the solvency of the leading Dublin-based homeless charity and highlighted the need for exceptional funding over the coming months.
The pharmaceutical group has entered Chapter 11 bankruptcy proceedings in the US for the second time in two years, with its Dublin HQ and IP centre due to follow suit here this week.
Earlier this week, The Currency reported that a German bank had appointed receivers over a Dublin property owned by Korean investors. Drawing on new analysis, we explain how the initial deal was structured and why it fell apart.
German lender Landesbank Hessen-Thüringen Girozentrale has installed Grant Thornton as receiver over the prime site in Dublin. It marks the first major commercial property receivership since the slowdown in the sector.
Chef Dylan McGrath could at one stage have lost control of two prime restaurants in his empire. A legal battle between wealthy businessmen loomed but now peace has broken out.
Iceland employs 344 people in 26 outlets. The Irish company behind it was close to being rescued by the British retail giant before it all fell apart today.
Greg Kananagh's company Conskig has tried for six years to get planning permission to develop the site in south county Dublin. Now Lotus has taken it over through the appointment of a receiver.
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