Court moves to protect insolvent concrete company

An insolvent concrete and quarrying company is to continue to receive High Court protection so it can come up with a survival plan, a judge has ruled.

Carlow-based Dan Morrissey Irl Ltd — where six years ago 16 workers won nearly €19m in the Lottery — last week obtained a court order removing bank-appointed receivers and appointing an interim examiner so restructuring efforts could be made to save 131 jobs.

AIB is owed nearly €27m by the company and last week appointed joint receivers to wind up the company, under which the entire workforce was to be made redundant.