High Court orders winding-up of Ely Property Group Ltd

The High Court has ordered the winding up of Ely Property Group Ltd, the firm founded by businessman and developer Philip Marley.

In her judgment today Ms Justice Mary Laffoy held that Ely Property Group, a Dublin registered holding company for firms involved in property development and management, was insolvent because it failed to satisfy a debt of €53,000 claimed by EPG's former auditors Copsey Murray Chartered Accountants.