Courts / Louth / Report
Pandemic sees liquidator appointed to plant hire business
Summary
The High Court heard that Covid‑19 had caused Brandon Plant Hire Ltd to become insolvent, with a debt of €934,000 and the loss of more than 30 jobs. The company, founded in 1997, had been profitable but faced cash‑flow problems, including unpaid work from Cairn Homes and difficulties complying with Irish Water regulations. An investor who had been expected to provide capital withdrew, and the firm incurred extra costs for additional workers and bad weather. Employees are on Covid‑19 protection notice. Directors were reportedly threatened by creditors who feared damage to works in progress. The court appointed Chartered Accountant Anthony Fitzpatrick as provisional liquidator to secure the firm's assets—tools, piping, JCB diggers, dumpers and excavation equipment—and to ensure fair distribution to creditors. The matter was adjourned to a hearing next month.
Who, what, where, when and why
What: Report matter: Pandemic sees liquidator appointed to plant hire business. Procedural stage: hearing_or_decision
When:
- 2020-03-26 Publication
Why: Counsel said that because of Covid-19, the investor was no longer interested in putting money into the firm, rendering it insolvent and unable to trade. CNI source report
Places mentioned
- High Court
Topics
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