Doherty closes with debts of €5m

DOHERTY Advertising is being wound up with debts of over €5 million following a court order yesterday.

Doherty closes with debts of €5m
Thu, 25 Sep, 2003 - 01:00
Sandra Hurley

While trading creditors are owed €1.7m, it is thought the company’s banker Ulster Bank is owed a further €3.4m. A liquidator has been appointed.

It is not yet known what assets Doherty has. Its premises on Baggot street was leased and the goodwill has already been sold on.

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