Courts / Kerry / Report

Provisional liquidators appointed to Glenbeigh Construction

Summary

The High Court has appointed Mr Dessie Morrow and Mr Diarmaid Guthrie of Azets Ireland as joint provisional liquidators for Glenbeigh Construction Limited, a building company with 33 direct employees and many subcontractors. The firm is currently working on projects at Dublin Airport, two prisons, and a 100‑plus apartment development in South Dublin. It has six active projects, including a €36m contract at Dundrum Town Centre and works at Arbour Hill and Mountjoy Prisons, Terminal One at Dublin Airport, Northbank House, and Clarehaven & Seanchara Nursing Home. Glenbeigh has become insolvent after significant losses caused by Covid‑19‑related delays and rising labour and material costs, making several fixed‑price contracts loss‑making. The company had planned a €13m project in Killiney, expecting a €1m profit, but now anticipates a €1.2m loss. The liquidators are tasked with securing assets and ensuring an orderly winding up for creditors and employees. The case was adjourned to February.

Who, what, where, when and why

What: Report matter: Provisional liquidators appointed to Glenbeigh Construction. Procedural stage: hearing_or_decision

When:

• 2024-01-16 Publication

Why: Ross Gorman BL, instructed by Crowley Millar solicitors for the firm, said the company was being wound up because it is no longer solvent and is unable to pay its debts as they fall due as it has recently suffered significant losses. CNI source report

Places mentioned

Topics

Stage Hearing Or Decision

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Read the original CNI report