Courts / Dublin / Report
Provisional liquidator appointed to print company with 47 employees
Summary
The High Court appointed a provisional liquidator to Play Print Ltd, a Dublin-based printing company that specialises in bingo cards, scratch cards and lottery tickets and employs 47 people. The court found the company insolvent and unable to meet its debts, citing loss-making since 2016, competition from online and digital technologies, a shrinking bingo market, fewer clubs and community centres using bingo for fundraising, and exchange rate changes after Brexit. The company's directors, including Managing Director John Martin, Ms Clair McCrosain and Mr Manus MacCrosain, agreed that appointing a provisional liquidator was in the best interest of all parties, including creditors, to ensure existing contracts could be completed over the next three to four weeks. Mr Micheál Leydon of Outlook Accountants was named the provisional liquidator. The matter will return to court later this month.
Who, what, where, when and why
What: Report matter: Provisional liquidator appointed to print company with 47 employees. Procedural stage: hearing_or_decision
When:
- June 30th, 2019 Other
- 2019-05-08 Publication
Places mentioned
- The High Court
- High Court
- St Ignatius Road
Topics
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