Costs linked to Spencer Dock receivership soar

The costs associated with the receivership of Treasury Holdings’s main Spencer Dock firm have risen over €4m in the last six months.

David Hughes and Luke Charleton of EY were appointed as receivers to various retail units, undeveloped sites and part developed sites owned by Spencer Dock Development Co Ltd on January 25 2012 by Nama.

Documents filed with the Companies Office show that the combined professional, management, and receiver fees total €6.8m in the three and a half years to July 25.