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Full coverage: liquidation

Investment funds, aircraft lessors, family holdings… Who pulled the plug on €6.5bn worth of healthy companies last year?

Members’ voluntary liquidations increased in number but realised smaller assets for their shareholders in 2023.

Thomas Hubert
29th Jul, 2024 - 4 min read

Falling sales, rising costs, and a retail brand no one wanted to buy: The story of the Health Store’s Irish collapse

Court filings and company documents reveal the battle to keep the Health Store retail chain alive and shed light on what went wrong for the retailer.

Ian Kehoe
12th Jul, 2024 - 4 min read

Court winds up golden visa-backed retirement village scheme

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.

Francesca Comyn
15th Apr, 2024 - 2 min read

A Trinity MBA, a golden visa and the retirement village that never was

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.

Francesca Comyn
12th Apr, 2024 - 7 min read

Dolphin Trust liquidators put a target on former loan note distributor

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

Francesca Comyn
5th Apr, 2024 - 2 min read

Dividend payouts of over €1m to be examined at bust constructor Glenbeigh

Concerns about dividend payments were raised by a counter party working with Glenbeigh on the construction of 107 apartments in Dundrum in south Dublin.

Francesca Comyn
12th Feb, 2024 - 2 min read

Liquidators appointed to card company with €500m of funds

Irish-founded PFS Card Services (PCSIL) was bought by Australia's EML Group for €148m in 2020. Now it has gone into provisional liquidation, impacting two million cards.

Tom Lyons
17th Jan, 2024 - 1 min read

GTLK, Russian sanctions, and the cruise liner lying idle for $500k a month in Uruguay

Russian sanctions left the SH Minerva polar cruise ship stranded in Uruguay. Its operators are suing two Irish companies linked to Russian state lessor GTLK, claiming multi-million euro damages. Complicating matters is that one of the companies, GTLK Europe, is now in liquidation.

Francesca Comyn
8th Dec, 2023 - 7 min read

Hang Tough was giving younger artists a chance, but in the end it couldn’t hold on

Founded a dozen years ago, Hang Tough Studio imprinted itself on the contemporary art scene in Ireland. From the outside it looked like a slick operation, so how did it go so rapidly from Swiss art shows to liquidation?

Rosanna Cooney
24th Aug, 2023 - 3 min read

Blacklough Construction crumbles owing creditors millions after restructuring bid fails

The High Court agreed to wind-up the social housing builder after attempts to draw in new investment to Blacklough failed. The company had recently been the target of several attacks, including a masked raid on one of its sites.

Tom Lyons
17th Feb, 2023 - 2 min read
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