Bloxham subsidiary to be wound up as creditors due to meet

A subsidiary of Bloxham Stockbrokers, the firm placed in liquidation by the High Court last year, is set to be wound up following a creditors' meeting called for next Friday.

Bloxham Trading Ltd is calling a creditors’ meeting for October 11th to appoint a liquidator and committee of inspection, the first steps in winding up a company.

The company's directors are Tadgh Gunnell and Raymond Deasy, who were both partners in the stockbroking firm. They and Bloxham's other partners, including Pramit Ghose and Paddy Dempsey, were shareholders in the company.

The most recent set of accounts show that, for a period covering July 2009 to March 31st, 2011, the trading company had €972,823 in assets on the balance-sheet date, held in Britain. It owed Bloxham Stockbrokers €450,000, its only creditor, at that point.

The High Court appointed Kieran Wallace of KPMG as liquidator to Bloxham Stockbrokers in June 2013 after it emerged that a number of irregularities in its accounts led it to overstate its financial position.

Its difficulties emerged as it was in the process of selling its private clients business to rival Davy.