Qualceram placed in examinership as crisis talks end without resolution

MANAGEMENT at the troubled bathroom suite manufacturer Qualceram Shires has confirmed that the company has been placed into examinership.

The Arklow-headquartered group has felt the strain from a fall-off in demand for luxury bathroom suites in the wake of the general economic downturn, depressed housing market and consumer confidence meltdown.

Last Tuesday the company moved to have trading in its shares suspended after it failed to reach a satisfactory outcome from long-running talks with its main landlord and bankers over rental payments and possible sales of surplus properties.