Marts and HSBC Bank each owed €3m following closure of TLT International

Cattle marts and HSBC Bank are each owed €3m following the closure of animal exporter TLT International, according to an update issued by the receiver yesterday.

Total estimated liabilities are around €9m, said Gearoid Costelloe, head of Grant Thornton in Cork and the receiver appointed a fortnight ago by Britain-based bank HSBC.

The receiver listed the marts at around €3m, HSBC at around €3m, general creditors around €1.2m, farmers at around €900,000, and AIB around €800,000, as the largest groupings owed monies by TLT.