Cork firm proposes deal to keep trading

 

A Cork construction firm which employs more than 100 people is seeking to offer some of its creditors 75 cent in the euro in a deal aimed at allowing it to continue to trade, the High Court heard yesterday.

Yesterday at the High Court Mr Justice Peter Charleton approved an application by John F Supple Ltd made under Section 2001 of the Companies Act, to have a meeting of more than 260 of its creditors so they can consider the deal.

John F Supple was established by Barry Supple in 1987 and is one of Munster's largest construction firms.

However, the company says that it has got into difficulties due to the current economic downturn that has hit construction.