Courts / Cork / Report
Court appoints interim examiner to ice cream maker
Summary
The High Court on 19 December 2022 appointed insolvency expert Shane McCarthy as interim examiner for Silverpail Dairy Ireland Unlimited Company and its related entity, Havana Company Unlimited. The appointment was made in respect of the Siverpail Dairy group, which employs 82 full‑time staff and several contract workers in Fermoy, Co Cork. The court heard that the group, a major manufacturer of ice‑cream and Irish Cream Liqueur, has become insolvent and is unable to pay its debts. It owes €4.16 million to trade creditors and €2.46 million to Revenue, with other creditors including AIB Bank, Arrabawn Co‑Op, IPL Protech Performance Plastics and Carbery Food Ingredients. The court noted that the business has traded successfully for many years but has experienced financial difficulties due to reduced sales during the Covid‑19 pandemic and increased costs such as energy and commodity prices.
Who, what, where, when and why
What: Report matter: Court appoints interim examiner to ice cream maker. Procedural stage: hearing_or_decision
When:
- 2022-12-19 Publication
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