The High Court has appointed a liquidator to wind up Q-Zar which makes the popular laser game Quaser. It has emerged that the Revenue Commissioners are among the largest creditor to the company, with a claim of over £300,000.
Ms Justice Laffoy granted an application to appoint a provisional liquidator to the company which has applied for Chapter 11 bankruptcy protection in the US.
The application to appoint Mr Tom Kavanagh of Kavanagh Chartered Accountants was made by Data Vision with an address in Swindon.
Q-Zar was not represented at the hearing.
So far it appears, according to documents supplied to court, that Space Technology Ireland of St Patrick's College Maynooth is owed £16,940, while Laser 2000 of Wessling in Germany is owed $300,000 (6202,000) for which it has been entered leave to enter final judgment by the Master of the High Court, Lasermet of Bournemouth has a claim on £17,937 sterling (£20,250).
The Revenue Commissioners are owed £301,632, while Hormann Electronics are owed £35,931 and the IDA is owed £37,000.
Mr Kavanagh has now gained access to the premises which was deserted on 1st November, leaving 22 people without a job. Even the computers were still running when the IDA arrived.
It is also understood that a rescue operation is underway in the US and a crisis management team has been put in place. Mr Andy Edlein and Mr Lee Gatz are both now understood to be actively looking for a "white knight".
