ACC appoints receiver to Cordil

THE chief executive of a Galway construction firm said yesterday that he is “very disappointed” at the decision by ACC bank to appoint a receiver to Cordil Construction Ltd.

Gerry Dillon said 51 jobs at the firm will be lost as a result of the move, with a further 450 jobs among sub-contractors and suppliers adversely affected.

He said: “The company has been unwillingly put into receivership. I am very disappointed by what ACC has done. I felt that we had a viable company here, with projects worth €27 million to complete. It is a huge disappointment for us and our clients.”