Courts / Dublin / Report

Provisional liquidator appointed to mechanical engineering firm

Summary

In a High Court hearing on 17 February 2020, Mr Justice Leonie Reynolds appointed Mr Nicholas O'Dwyer as provisional liquidator for Haughton and Young Ltd, a Dublin‑based mechanical engineering subcontractor employing over 160 people. The firm, founded in the late 1990s and located at The Business Centre, Stadium Business Park, Ballycoolin Road, had been profitable for many years but began incurring losses from 2018, ultimately becoming insolvent. Losses were attributed to increased sector competition and alleged unpaid amounts on certain projects. Mr Brian Conroy BL, representing the company's main shareholders, argued that the provisional liquidator was urgently needed to protect the company's assets, including a large fleet of vehicles, from creditor claims. Counsel noted that creditors had occupied the premises and demanded payment, raising concerns about asset seizure. The appointment was intended to preserve assets and ensure orderly distribution to creditors. The matter was adjourned to early March for further proceedings.

Who, what, where, when and why

What: Report matter: Provisional liquidator appointed to mechanical engineering firm. Procedural stage: hearing_or_decision

When:

• 2018 and 2019 Other
• 2020-02-17 Publication

Why: The losses came about to factors including increased competition in the sector, and because it was allegedly not paid the full amount of monies it was due on certain projects it had carried out works on. CNI source report

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report