Bio Marine Ingredients wins High Court creditor protection

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

Bio Marine Ingredients Ireland Ltd secured High Court protection from creditor claims on 1 November 2023, while it worked to finalise a rescue plan.

The company is based at Lough Egish in Co Monaghan and entered the Small Company Administrative Rescue Process because of insolvency. The process is intended to help smaller insolvent businesses reorganise outside court supervision.

The orders prevent steps including winding-up applications and the appointment of a receiver until the rescue period ends. The judge said a dispute over the company’s lease was for another day.