Fexco re-registers to unlimited status

Killorglin: Fexco Holdings, which bought Dublin-based securities firm Goodbody Stockbrokers from AIB this month, has re-registered as an unlimited company.

The Co Kerry-based financial services firm had €198 million of shareholders’ funds on December 27, 2009, according to a financial summary on its website.

The company, which had net cash of €93.2m at the end of the period, re-registered as an unlimited company on December 14, 2010, according to the statement.

Unlike limited companies, shareholders in unlimited companies are liable for all debts of the business.