Climote Limited appointed joint provisional liquidators

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

Climote Limited was placed under joint provisional liquidation by the High Court on 19 October 2023, after its rescue plan failed. The company, based in Dundalk, installed and maintained home heating controllers used in tens of thousands of homes.

The judge was satisfied that the company was insolvent and that its directors had acted honourably in trying to save it. The appointment followed an unsuccessful restructuring process; the company could not reach agreement with a key customer, while Revenue had opted out of the proposed plan.

The provisional liquidators were to preserve the company’s assets and arrange continued maintenance of its products until the assets were sold. The matter was adjourned to a date in November.