Blacklough Construction appointed interim examiner over debts

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

Blacklough Construction Limited was placed under an interim examiner by the High Court on 17 November 2022, as it faced insolvency and unpaid debts.

The company was building 363 social housing units across five Irish sites for Respond, under fixed-price contracts worth €65 million in total. Its reported financial difficulties included losses estimated at about €1.7 million, which counsel attributed largely to a 33% rise in building material costs since 2020.

The court appointed Joe Walsh as interim examiner after an expert report found a reasonable prospect of survival if steps were taken to agree a plan with creditors. The examiner was to address the interests of 48 employees, subcontractors and trade creditors owed more than €3 million; the proceedings were adjourned after creditors were directed to be notified.