The High Court has adjourned a petition seeking the winding up of P. Elliott & Co Ltd, one of the country’s largest construction firms.
The petition has been brought by recruitment firm MCR Personnel, trading as the MCR group, which claims it is owed some €1.793 million by the construction firm.
Ms Justice Mary Laffoy was informed today the petition had not been advertised and she agreed to adjourn the matter for two weeks.
In its petition, MCR Personnel, which specialises in the recruitment of professionals for the construction industry, said it demanded payment of more than €1.7 million from P Elliott late last year for services provided over a six year period.
Its demand had not been satisfied and it was seeking to have P Elliott put into liquidation on grounds it is insolvent and unable to pay its debts, MCR claims.
The court was informed the construction firm is facing other winding up petitions from a number of different creditors with one of those petitions due to be heard by the High Court next week.
William Cox Ireland and Oran Precast have lodged petitions seeking to have the firm wound up while sub-contracting firm OMC Engineering has served a 21 day notice on the company seeking payment of €100,000 due for work carried out on a number of projects.
P Elliott and Co Ltd, with its head office at Century Business Park, Dublin Road, Cavan was founded in 1942. It has been involved in a number of high profile construction projects around Ireland and in the UK, including development of the athletes’ village at next year’s Olympic games in London.