A quarrying company of which developer Thomas McFeely is a director has been wound up by the High Court over its failure to pay a VAT bill of more than €60,000.
Ms Justice Mary Laffoy yesterday made an order winding up Sugarbowl Holdings, Holles Street, Dublin, and appointed Jim Hamilton of BDO as official liquidator.
Sugarbowl Holdings was established in 2002 to carry on the business of exploiting natural resources, including quarrying. Its directors are Mr McFeely, Ailesbury Road, Ballsbridge, and William Francis Wilson, who is also the firm’s secretary, Portmarnock Drive, Portmarnock, Co Dublin.
The court was told the company had liabilities of about €300,000 but had one valuable asset, a quarry in Co Westmeath, worth €1 million. Voluntary liquidation would be a better option, it was argued.
Revenue urged the company to be wound up.
Mr McFeely was not in court and lawyers for Mr Wilson said he had “gone to ground”.
The judge also ordered the directors to provide a statement of affairs within 21 days.
