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.

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”.