Courts / Dublin / Report
Golden Pages publisher to exit examinership
Summary
The High Court approved a scheme that allows FCR Media Ltd, the publisher of the Golden Pages directory, to exit examinership and continue trading as a going concern, thereby safeguarding 73 jobs. The scheme, devised by examiner Neil Hughes, was supported by the majority of creditors and the trustees of the firm's pension scheme, and received a neutral stance from Revenue. Mr Justice Robert Haughton approved the arrangement on Thursday. FCR Media Ltd, which employs 103 workers, has decided to cease printing the Golden Pages and focus on its online business, resulting in redundancies in the printing section. The company secured fresh investment during examinership and has a reasonable prospect of survival, with forecasts for 2017 and 2018 positive.
Who, what, where, when and why
What: Report matter: Golden Pages publisher to exit examinership. Procedural stage: hearing_or_decision
When:
- July 21st Hearing Or Sentence
- 2017 and 2018 Other
- 2017-11-09 Publication
Places mentioned
Topics
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