The winner of the Best New Idea Award in the 2014 Best Young Entrepreneur competition, Philip Martin of Blanco Niño in Tipperary is working to turn his dream into a reality.

Glanbia has poured €420,000 into award-winning food producer McEvoy Family Foods Ltd, which went bust last month, the High Court heard yesterday.

An award-winning food producer that got into a financial stew over unmanageable start-up debts has been given a new lease of life by a High Court judge.