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Fri 03 Mar 2010Liquidator appointed to furniture chain
The High Court has appointed a provisional liquidator to a furniture company that is insolvent mainly due to the downturn in the retail trade.
Furniture Depot Kilkenny Ltd has five outlets based at Carrickmines, Dublin; Tullamore, Co Offaly; Naas, Co Kildare; Kilkenny; and Waterford. The company has liabilities over assets of €2.2 million but that figure, in a winding up situation, would rise to almost €4 million, the court heard.
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