Lombard Ireland is owed a “significant sum” by
collapsed Irish construction firm D&M Utilities & Civil
Engineering, which went into liquidation after a creditor’s meeting
at the start of March.
collapsed Irish construction firm D&M Utilities & Civil
Engineering, which went into liquidation after a creditor’s meeting
at the start of March.
The Ballinakill-based company owes €300,000 to
the Irish Revenue, as well as to Lombard Ireland and Bank of
Ireland, after the alleged disappearance of a number of
assets.
the Irish Revenue, as well as to Lombard Ireland and Bank of
Ireland, after the alleged disappearance of a number of
assets.
Last August, Lombard Ireland sought to be awarded €308,452
against D&M and its two directors, Maura O’Donnell and Daniel
O’Connell, as a result of eight leasing contracts, one of which was
for the finance of a crane.
Jim Stafford, the appointed liquidator from insolvency practice
Friel Stafford, has said he will investigate the location of the
missing assets as part of the liquidation process.
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