Full coverage: Insolvency

Frank Carroll had successfully navigated the shift to outsourced manufacturing, learning to speak Chinese in the process. When the pandemic and inflation upended its supply chain, it was too much for Alfrank Designs – but it can still rebound.

Confirming the examinership of the Dublin marble table maker, a court heard of positive engagement with creditors and a reasonable prospect of survival with new investment.

Founded by the North’s first Chief Scientific and Technology Adviser Professor Helen McCarthy, Phion Therapeutics had a pipeline of exciting treatments. But now administrators have been appointed to the firm, which is backed by a Hong Kong top-40 pharmaceutical company.

British alternative lender Cheyne Capital is owed €45m by companies within the wider Press Up hospitality group. It has now installed accountants from KPMG as receivers over three of the group’s restaurant chains.

Smart Points, the company behind the LoyLap platform, has entered a Small Companies Administrative Rescue Process to restructure the business. Just what happened?

Accused of defrauding Revenue, purchasing a home with company funds and collapsing their business with millions of euro in debt, Bill Henry and Stewart Alexander have received one of the longest bans on record from running a company.

A provisional liquidator was urgently appointed last week to protect creditors' interest in Clonmannon House, a property valued at circa €4 million. This Monday, the company was wound up following a petition by a Chinese investor.

Rugby player-turned-businessman Brendan Mullin was pursued over an allegedly unsatisfied debt of €1.8 million. The proceedings have now settled.

Clonmannon was a Co Wicklow estate with 44 bungalows, ready to be transformed into a retirement village. Chinese investors put millions of euro into the project. Now they are trying to pull the plug on the business over alleged debts and fears of asset dissipation.

The hunt to recover assets for Irish investors stung by the collapse of the Germany property investment scheme sprawls three jurisdictions.