Courts / Dublin / Report

Provisional liquidator appointed to "hopelessly insolvent" digital marketing company

Summary

The High Court appointed a provisional liquidator, Mr Micheál Leydon, to CKSK Limited, a Dublin‑based digital marketing firm that has lost 22 jobs. CKSK, which had clients such as VHI, Pepsico, Sony, Irish Distillers Pernod Ricard, Heineken and Three Mobile, became insolvent after contracts were cancelled or failed to materialise, and a sale of the company was not possible due to concerns over Brexit. The court was satisfied that the company could not pay its debts. CKSK, founded in 2006, had been profitable until 2017 but recorded an operating loss of €283,000 and a net loss of €738,000 for the year ending 2018, with a deficit of €852,000. The provisional liquidator will finish existing contracts, collect invoices, and explore the sale of parts of the business. The case will return to court in February.

Who, what, where, when and why

What: Report matter: Provisional liquidator appointed to "hopelessly insolvent" digital marketing company. Procedural stage: hearing_or_decision

When:

• 2019-01-24 Publication

Why: Stephen Brady BL, for the company, which is located on Dublin's South William Street, said Mr Leydon's appointment was being sought because the firm is "hopelessly insolvent". CNI source report

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report