Examiner appointed in bid to save hospital cleaning firm

An examiner has been appointed to a company employing 195 people in Dublin and Galway that provides cleaning services to private hospitals and state bodies after the High Court accepted it has a reasonable prospect of survival if certain conditions are met.

Examiner appointed in bid to save hospital cleaning firm

The directors of Neylon Maintenance Services claimed financial mismanagement, including false invoicing, falsification of accounts, falsification of a tax clearance certificate and substantial under declaration of tax liabilities by its financial director, accountant Padraic Faherty, resulted in or exacerbated a decline in profitability from 2009 and led to a Revenue debt of almost €1m.

The petition for examinership arose from the company being insolvent due to the “misbehaviour” of Mr Faherty, a member of the Association of Chartered Certified Accountants, Mr Justice Peter Kelly noted. Mr Faherty had been dismissed following failure to live up to his obligations.

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