Interim examiner appointed to Meath construction firm, Manly Construction Ltd

By Ann O’Loughlin 

High Court appointed an interim examiner to Co Meath based construction firm Manley Construction Ltd.

Ms Justice Marie Baker said she was satisfied to appointed Mr Michael McAteer of Grant Thornton Ireland to Manley Construction Ltd, with a registered address at Duleek Co Meath after being informed the company is insolvent and unable to pay its debts as they fall due.

However the court was informed that an independent expert had stated in a report the company has a reasonable prospect of survival as a going concern if certain steps are taken including the appointment of an examiner to the firm.

The examiner has up to 100 days to put together a scheme of arrangement with the firm’s creditors, which if approved by the High Court will allow the company to continue to trade as a going concern.

The Judge noted that the firm has been in business for more than 30 years and has been involved in the construction of a number of important pieces of infrastructure.

The firms creditors include Revenue Commissioners, Kilsaran Concrete, NAMA and several other building firms. They have all been put on notice of the proceedings.



Related Articles

Correct application of Dail privilege would chill 'inappropriate' speech: Lawyer for Denis O'Brien

'I was stupid,' says Temple Bar stab accused

Teen living in 'lap of luxury' funded by state is given dressing down by judge

Man who damaged Eamon de Valera headstone given suspended sentence

More in this Section

Aer Lingus announce extended summer service of Cork to Cornwall route

Figures show Ireland ranks low for housebuilding in the EU

Former Connacht Rugby star Conor O’Loughlin named Ireland’s Best Young Entrepreneur

Smart and ‘heroic’ ways to cut the home heating bills


Today's Stories

High-speed broadband key to reviving rural areas

Stock market jitters set to be eased after hard times

Lifestyle

New father’s life ‘changed forever’ after he was run over by surgeon

The biggest cancer killer will take your breath away

Hopefully she had an idea...

Power of the press: Meryl Streep and Tom Hanks discuss 'The Post'

More From The Irish Examiner