Bank seeks €1.5m order from former pharma chief

A bank is seeking €1.51m summary judgment orders against the former chief executive of a healthcare company, representing the maximum sum allegedly due under his limited guarantees concerning loans advanced to the firm.

Mark Gordon’s liability under guarantee arises because the company has failed to repay some €6.02m, Bank of Ireland claims.

The bank has initiated proceedings against Mr Gordon, of Glen Rd, Hollywood, Belfast, arising from unpaid loans advanced to VFM Healthcare Ltd, which owned and operated St Francis’ Private Hospital at Ballinderry, Mullingar. A receiver was appointed to the company in April 2014.