EIRX unit applies for liquidation
As part of the liquidation process its chief executive Colin Telfer has resigned as a director. Directors John Pool, Nick Strong and Tom Cotter are working to put together a plan which they hope will secure the future of the company based around its other operating business, Auvation Limited.
Investment vehicle Billam said it has decided to write off its investment in the group. In total, the group’s investment portfolio has therefore been reduced by £433,000 (€546,000), when also taking into account the company’s writeoff of its unquoted investment in Tri-Mex Group.
