THE High Court has adjourned for two weeks a petition seeking to have one of the country’s largest construction firms, P Elliott and Co Ltd, wound up.
The petition has been lodged by recruitment firm MCR Personnel, trading as the MCR group, which claims it is owed some €1.793 million.
Yesterday, Ms Justice Mary Laffoy was informed that the petition had not been advertised and the court was asked if the matter could be adjourned. The judge agreed to put the matter back to May 30.
In its petition MCR Personnel, which specialises in the recruitment of professionals for the construction industry, claims that it demanded payment of more than €1.7m from P Elliott late last year for services it says it provided over a six-year period.
However, MCR claims its demand has not been satisfied, and it is now seeking to have P Elliott put into liquidation as it is insolvent and unable to pay its debts.
The court was also informed the firm is facing other winding-up petitions from a number of different creditors, and there is a separate petition seeking to have the company wound is due to be heard by the High Court next week.
Companies, William Cox Ireland and Oran Precast, have lodged High Court petitions seeking to have the firm wound up, while sub-contracting firm OMC Engineering had served a 21-day notice on the company seeking payment of €100,000 due regarding a number of projects.
P Elliott, with its head office located in a purpose-built 35,000sq ft premises at Century Business Park, Dublin Road, Cavan was founded in 1942 by the late Patrick & Alice Elliott, the grandparents of the current owners.
It has also been involved in a number of high-profile construction projects all over Ireland and Britain. Listed among its current projects are the new medical school at the University of Limerick& and the South West Acute hospital in Enniskillen. It is also involved in the development of the athletes’ village at next year’s Olympics in London. At its peak in 2006, P Elliott was turning over €310m a year and employing more than 500.
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