Vita Cortex parent ceases trading

The parent company in Jack Ronan’s Vita Cortex group has ceased trading, in spite of reducing its accumulated losses by €780,000 last year, new figures show.

Returns made by the group’s holding firm, Vita Five Five Ltd, state that “the company has ceased trading and, as a consequence, the financial statements have been prepared on a basis other than that of a going concern, which includes, where appropriate, writing down the company’s assets to net realisable value”.

At the end of April, 2014, Vita Five Five Ltd had accumulated losses of €7m, down from €7.8m one year earlier.