Seven Galway firms have survival schemes adjourned

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

Seven Galway companies had proposed survival schemes adjourned by the High Court on 8 December 2017, with the hearing due to resume the following week. The firms, controlled by businessman Gerry Barrett, employed more than 330 people and were connected to Galway businesses including the G Hotel, the Meyrick Hotel, the Eye Cinema, apartments and a retail park. An investor, Waltzfire Ltd, had offered €89 million, alongside €9 million in working capital. The companies’ lawyers were expected to explain why the schemes should not be approved when the hearing resumed.