Courts / Meath / Report
Joint provisional liquidators appointed to automatic gates firm
Summary
The High Court appointed Nicholas O'Dwyer and Colm Dolan of Grant Thornton as joint provisional liquidators for Killeen Engineering Fabrication Limited, an automatic gate systems company that employed 45 people and has since closed its doors. The court heard the firm had been trading successfully but became insolvent after its business "fell off a cliff" in recent months. Ross Gorman BL, instructed by Amoss Solicitors, noted that sales had increased earlier but fell significantly in the third quarter of 2023, severely impacting cash flow and leaving the company with less than €20,000 in cash. The company owes about €650,000 to existing customers from deposits for its products and was unable to raise additional finance. The liquidators were granted powers to take control of assets, continue trade for the benefit of liquidation, and investigate the deposits. The matter will return to court in the coming weeks.
Who, what, where, when and why
What: Report matter: Joint provisional liquidators appointed to automatic gates firm. Procedural stage: hearing_or_decision
When:
- 2023-11-23 Publication
Places mentioned
- The High Court
- High Court
- Main Street
- Enfield
Topics
Related court reports
- Engineer probed over 'excessive use' of fuel card told bosses he'd left jeep running 'all weekend'
- Man 'perilously close' to jail in racehorse dispute
- Irish couple must pay UK businesswoman €800k over alleged 'bizarre' loan fraud
- UK businesswoman seeks €1m over alleged 'bizarre' loan fraud by Irish couple
- Accountant alleged to have hired 'Viper' Foley over disputed debt denies any wrongdoing
- Directors seek injunction over The Viper's alleged involvement in collection of disputed debt
If a fact, identity, locality or legal outcome needs review, email the newsroom with this report's details prefilled.
Email a correction request