The window company said in a petition to the High Court that it had built up €1.5m of customer deposits but had run out of cash. Photograph: iStock
The company, set up by Darragh Kane in 2005, appeared to be trading without difficulty until the middle of this year when it first came on the radar of theHowever, the scale of the difficulties only emerged in recent weeks, and while DK Windows was advertising Black Friday deals until mid-November it closed days later with provisional liquidators brought in almost immediately.
While the liquidators are in the early stages of establishing if any existing orders can be fulfilled, sources suggested that most of those who have paid deposits will be left with nothing. The company’s accounts show a heavy reliance on customers’ deposits, with the auditors warning of the risks from the practice in the 2022 accounts.