High Court winds up cash and carry

BAN ARD Cash and Carry Ltd was wound up by Ms Justice Laffoy in the High Court yesterday when she was told that the petitioning company together with 10 other companies were owed €1.9 million.

The judge said that it appeared Ban Ard Cash and Carry, with registered offices at Ballycurreen Industrial Estate, Airport Road, Cork, was a now a shell company.

She was told that Ban Ard in June last sold its assets, trading stock, staff and customer information into a new subsidiary company and the subsequent sale of the shares in that subsidiary company to Mangans Wholesale.