"The High Court has approved the appointment of an examiner to Rathwood, the troubled Carlow-based home and garden centre."
"Provisional figures provided to the court suggest the company has liabilities totalling €18 million, including €10 million owed to trade creditors, €1.4 million to the Revenue Commissioners, and €2.5 million in customer deposits and vouchers."
The High Court approved the appointment of an examiner to Rathwood, a troubled home and garden centre based in Carlow. Provisional figures provided to the court indicate the company has liabilities totalling €18 million. The liabilities include €10 million owed to trade creditors. The figures also include €1.4 million owed to the Revenue Commissioners. In addition, €2.5 million is listed as customer deposits and vouchers. These amounts form the basis of the provisional liability estimate presented to the court.
Read at Irish Independent
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