Yvolve Sports gets interim examiner to protect Walmart contract

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

The High Court appointed Neil Hughes as interim examiner to Yvolve Sports Limited on 8 June 2018. The court had been told an examiner was required to protect an important contract with Walmart.

The company makes Flicker scooters and other outdoor and sports products, employing 41 people in Ireland.

The company sought court protection after the bankruptcy of Toy R Us caused cash-flow problems. An independent expert report said that, although the company was insolvent, it had a good prospect of survival if certain steps were taken, including the appointment of an examiner.

Ms Justice Caroline Costello selected Neil Hughes over another proposed examiner because his proposed appointment came first in time. The case was adjourned to 15 June.