It will not be the last property firm to go to the wall

WITH this week’s refusal by the High Court to appoint an examiner to seven companies in the Zoe Developments group, it looks like property developer Liam Carroll has used up his final lifeline in a bid to save his business empire.

The ruling has now placed his Zoe group on the brink of collapse, while the 59-year-old Louth engineer also runs the risk of being declared a bankrupt.

Furthermore, the potential “domino effect” of such an implosion also threatens Carroll’s two other main property vehicles, Dunloe Ewart and Orthanc, with a similar fate.