Courts / Dublin / Report

Provisional liquidator appointed to Car Buyer's Guide website

Summary

In a High Court hearing on 19 December 2017, Mr Justice Tony O'Connor appointed Anthony Weldon of Kieran Ryan and Company as provisional liquidator for Digital Motor Limited, the owner of the Car Buyers Guide website. The company, which employed 22 people and generated revenue from website advertising, was declared insolvent and unable to meet its debts. The appointment was requested by Bristol Mallory Ltd, the sole shareholder of Digital Motor Limited, which also owed the company €1.14 million. Other parties with beneficial ownership of the shares were also represented. Counsel noted that the company had been loss‑making and had relied on loans from Bristol Mallory, but could no longer provide financial support. The liquidator was empowered to secure the firm's assets, particularly the website, and to manage their sale, ensuring creditors could not dissipate assets before the process. The matter was adjourned to January.

Who, what, where, when and why

What: Report matter: Provisional liquidator appointed to Car Buyer's Guide website. Procedural stage: hearing_or_decision

When:

• 2017-12-19 Publication

Why: Counsel said the creditor was seeking to have a liquidator appointed because there had been expressions of interest in acquiring the firm's assets. CNI source report

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report