Tower Trade Finance and Deal Partners wound up over debts

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

Tower Trade Finance Ireland Limited and Deal Partners Logistics Ltd were wound up by the High Court on 15 May 2023, after creditors rejected a survival scheme for Tower Trade Finance.

Mr Justice Brian O’Moore appointed insolvency practitioner Declan McDonald as liquidator of both companies. The firms owed creditors more than €13 million.

The companies had entered examinership earlier in 2023. A scheme for Deal Partners had been agreed, but both schemes needed approval for the process to continue.