Family-run feed firm in receivership after near-€4m debt goes unpaid

The failure of Cappoquin Poultry Ltd to repay almost €4m in debts to Henry Good Ltd feed mill in Kinsale, Co Cork, has resulted in receivers being appointed to the family-run company.

Family-run feed firm in receivership after near-€4m debt  goes unpaid

Kieran Wallace and David Swinburne of KPMG were appointed joint receivers to Henry Good. The management of the company requested KBC Bank to appoint receivers to protect the business. It is understood the debts owed to the bank were not very large.

Sources close to the process said Henry Good had been looking to find an investor to help cover the losses that arose out of Cappoquin’s debts, which went unpaid and left the company facing a “solvency issue”.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €130 €65

Best value

Monthly €12€6 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited