Construction firm folds with debts of €3.5m

A CONSTRUCTION company, which at its height employed upwards of 100 people, has gone into receivership with debts of nearly €3.5 million.

Pat O’Brien Developments Ltd, a County Cork-based builders, went into liquidation three days ago, owing money to more than 200 creditors.

The company, which was founded on July 6, 2004, had offices in Carrigtwohill and most of its projects were concentrated in the East Cork area. Between direct and indirect labour it employed more than 100 people.