Examiner appointed to Fallon & Byrne

AWARD-winning food business Fallon & Byrne, which runs a restaurant and gourmet food hall in Dublin’s Exchequer Street, is insolvent and unable to pay a €1.4 million tax bill, the High Court heard yesterday.

Mr Justice George Birmingham granted the company, which still has a sales turnover of over €8m, protection of the court by appointing chartered accountant Neil Hughes as interim examiner to run the business as a going concern.

Barrister Gary McCarthy SC told the court that while the company was still making a profit it had found itself, for a number of reasons, unable to meet its historic and current tax liabilities.