Some marts may go bust following TLT collapse

A number of livestock marts across the country are expected to go out of business as a result of the collapse of the State’s largest livestock exporter, TLT International in Co Westmeath last week.

The overall liabilities to marts and farmers are believed to be in the region of €3m-€4m, while some marts are owed between €300,000 and €400,000 for cattle purchased by TLT.

Up to 30 marts and as many as 25 farmers are owed money by TLT.