Courts / Galway / Report

Provisional liquidators appointed to wind farm services company

Summary

The High Court appointed joint provisional liquidators, Nicholas O'Dwyer of Grant Thornton Ireland and Stuart Preston of Grant Thornton UK, to Windhoist Ireland Limited, a firm providing mechanical and electrical services to wind turbine manufacturers. The appointment followed the parent company, Windhoist, a Scottish‑based part of Windlogix Group, entering administration and ceasing to provide funding and plant and machinery to the Irish entity. As a result, Windhoist Ireland, which has 17 employees and works on projects in Galway, Finland and Taiwan, became insolvent and could not meet its contractual obligations. The court noted that the company could not pay its debts, including €7 million owed to its shareholder, over €600,000 to Revenue, and €139,000 to trade creditors. The liquidators will oversee an orderly winding‑up, with most employees expected to be made redundant, and the case will return to court in December.

Who, what, where, when and why

What: Report matter: Provisional liquidators appointed to wind farm services company. Procedural stage: hearing_or_decision

When:

• 2022-11-29 Publication

Why: The court heard that the wind-up order was being sought because the company's Scottish-based parent Windhoist, which is part of Windlogix Group, was entering administration in that jurisdiction and can no longer provide funds for the Irish entity. Court evidence reported by CNI

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report