High Court confirms Homebase examiner
DIY chain may close stores at Fonthill, Carlow and Castlebar under survival proposals
A Homebase store in Dublin. The DIY chain employs 558 people in 15 stores here, of whom 114 are full time. Photograph: Bryan O’Brien
There had been two expressions of investor interest in the company, one from a related company in its UK-based group and one independent, Mr Justice Brian McGovern was told yesterday.
Having heard from Rossa Fanning, for the company, that there was no opposition to examinership and on the basis of a report from Kieran Wallace, appointed interim examiner this month, the judge said he was satisfied to confirm Mr Wallace as examiner and to return the matter to September 3rd.
The Revenue Commissioners and solicitors for two landlords adopted a neutral position on the application.
Bernard Dunleavy, for the examiner, said pre-petition liabilities would be met including prepaid deliveries. Wages would be paid during the examinership and vouchers for the stores honoured.