LMC MEP Ltd placed in provisional liquidation over debts

This report is a localnews.ie summary based on public court reporting and records; sources are listed below.

LMC MEP Ltd was placed in provisional liquidation by the High Court, with the proceedings reported on 15 November 2022.

Mr Justice Brian O'Moore appointed Colin Gaynor and Michael Leydon as joint provisional liquidators after being satisfied that the company was insolvent and unable to pay its debts as they fell due.

The company had sought the appointment to ensure an orderly wind up. It attributed its difficulties to the Covid-19 pandemic, construction-material price inflation and delayed projects, while saying some suppliers had engaged in "excessive profit taking."