Courts / Dublin / Report
Provisional Liquidator appointed to Buy and Sell publisher
Summary
In a High Court hearing on 2 April 2014, Mr Justice Brian McGovern appointed Mr Neil Hughes, an insolvency practitioner, as provisional liquidator of Buzreel Limited, the publisher of five weekly Buy and Sell magazines and the www.buyandsell.ie website. The appointment was made at the request of Midland Web Printing Ltd, which holds a printing contract for the magazine and is owed more than €90,000 by Buzreel. Midland's representative, Ross Gorman, explained that Midland was preparing to invest in Buzreel and had discovered the company had decided to liquidate and had told staff to leave. Midland had not been informed of the financial difficulties beforehand. The court noted that a meeting of Buzreel's creditors would be held later in the month, and that the appointment of a provisional liquidator was in the best interests of the creditors to preserve the magazine's publication and the website, and to potentially save some jobs.
Who, what, where, when and why
What: Report matter: Provisional Liquidator appointed to Buy and Sell publisher. Procedural stage: hearing_or_decision
When:
- 2014-04-02 Publication
Places mentioned
- Aodhan O'Faolain The High Court
- Bridgecourt Office Park
- Walkinstown Avenue
Topics
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