Examiner bids to save Pearce pottery firms

AN INTERIM examiner has been appointed by the Commercial Court to two related companies that produce and sell pottery under the Stephen Pearce brand.

Mr Justice Peter Kelly appointed accountant Kieran Wallace of KPMG as interim examiner to National Crafts Ltd and its wholly owned subsidiary, Penn Castle Ltd, both with addresses at Shanagarry, Co Cork.

The purpose of the appointment was to formulate an appropriate scheme of arrangement for the survival of the companies, the court was told. There had been an expression of interest from a potential investor. An independent accountant believed, if certain steps were taken, it could in whole or part be saved as a going concern.