Creditors lose €9m in firm’s collapse

PREFERENTIAL and unsecured creditors owed over €9 million by collapsed architectural firm, Murray O’Laoire Architects are unlikely to receive any of their money.

That is according to liquidator of the award-winning firm Brian McEnery who confirmed yesterday that the Revenue Commissioners alone are owed in excess €3m, describing the liability as “enormous”.

Mr McEnery confirmed that “employee entitlements” and local authority rates are amongst the preferential creditors owed a total of €2.75m.