Search Results for 'Liquidator'

There was devastating news for employees of Athlone’s Sasha store this week as it was announced that it is to cease trading in Golden Island Shopping Centre.

Almost 100 jobs look to be going at the Kilkenny-based forestry firm Denber Forestry Services, which has told its creditors that it plans to go into liquidation.

Q. My wife and I are owners and directors of a trading company. The company has been badly hit by current economic conditions and we do not envisage our trade recovering. The company’s balance sheet position has deteriorated rapidly and assets only slightly exceed liabilities. Our main asset is the premises from which the company trades but which is owned by us personally. This is subject to a large mortgage which we are struggling to pay and we are currently in default. If we continue trading it is unlikely that we will be able to meet our liabilities. I was told that our creditors or the bank could liquidate the company. Is this true? If so what are our options and what does the liquidator do?

A provisional liquidator has been appointed to the Athlone and Dublin-based telelecommunications company, Babcock Networks.

Six jobs have been lost in Athlone with the closure on Wednesday this week of the town’s Budget Travel shop in Golden Island Shopping Centre.

Five jobs have been lost in Mullingar with the closure on Wednesday this week of the town’s Budget Travel shop in Harbour Place Shopping Centre.