Courts / Dublin / Report
Interim Examiner appointed to food distribution firms hit by Covid-19 outbreak
Summary
The High Court appointed Neil Hughes of Tily Baker as interim examiner to three food‑distribution firms—Wert Capital Ltd, Dublin Foods Sales Ltd and Scallans Food Service Ltd—whose turnovers fell 70 % amid the Covid‑19 outbreak. The firms, employing over 70 people, deliver food and some non‑food items to restaurants, pubs, offices, hotels, nursing homes and catering companies in Leinster and the South East. Ms Justice Niamh Hyland noted that the firms are insolvent and cannot pay debts, but an independent expert reported they have a reasonable prospect of survival if fresh investment is secured and a scheme of arrangement is approved by the court. The examiner will also address employee wages, which have been paid directly by director Richard Meehan, and resolve invoicing issues with Grenke Invoice Finance. The matter was returned for a hearing in early April.
Who, what, where, when and why
What: Report matter: Interim Examiner appointed to food distribution firms hit by Covid-19 outbreak. Procedural stage: hearing_or_decision
When:
- 2020-03-27 Publication
Why: Counsel said that the appointment of an interim examiner was required in order to deal with the firm's employees, who had in recent days been paid their wages directly by a director of the companies, Mr Richard Meehan. CNI source report
Places mentioned
- The High Court
- High Court
Topics
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