Liquidator appointed to Belgard Motors

A PROVISIONAL liquidator has been appointed by the High Court to the Tallaght-based Belgard Motors group, one of the oldest and biggest car dealerships in the country employing 82 people, having laid off another 37 earlier this year. The group is insolvent with debts of more than €17 million.

Mr Justice Peter Kelly said yesterday he was satisfied, given the admitted insolvency and the need to secure high valuable and movable stock, to appoint Mr Tom Kavanagh as provisional liquidator to the group, established in 1975. Some suppliers had already entered onto the companies’ premises at Belgard Road, Tallaght, seeking to take back stock, he was told.

Rossa Fanning, for the group’s directors, said they had earlier considered seeking court protection but decided this would not be a viable option when it emerged earlier this month there would be difficulty maintaining an important dealership which was critical to securing investment.