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Provisional liquidator for firm behind Bamboo app

Summary

The High Court appointed Paul McCann of Grant Thornton as provisional liquidator for Mahalo Ltd, the company behind the Bamboo app that lets users order meals from over 100 restaurants in Galway, Dublin and Cork. Launched in 2018, the app charged a small commission on each order. Mahalo's revenue fell sharply after 95% of its partner restaurants closed during the Covid‑19 pandemic, and most users—primarily professionals—began working remotely or stopped working altogether. A rival firm offered €37,000 to acquire Mahalo's assets and hire its six employees, but the company's debts, including €460,000 owed to investor Joseph Elias and €30,000 to Revenue, far exceeded that offer. Directors Luke Mackey and Stefanos Focas sought a provisional liquidation to protect creditors and preserve the company's servers. Judge Senan Allen, satisfied that Mahalo was insolvent, appointed the liquidator despite concerns that a court‑appointed process might not yield the best price for the assets.

Who, what, where, when and why

What: Report matter: Provisional liquidator for firm behind Bamboo app. Procedural stage: hearing_or_decision

When:

• 2020-05-07 Publication

Why: The judge said his concerns were because a rival firm had made an offer to acquire Mahalo's assets for €37,000. CNI source report

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report