While the closure order has been lifted, and the source of the contamination has been dealt with, the company’s business has suffered.
The company, which had been very successful until the recalls, now says that due to cash flow difficulties it is insolvent and needs protection from its creditors.said he was satisfied to appoint Declan McDonald of PWC as interim examiner to the company, which employs 75 people. If the examiner can put together a scheme of arrangement with the firm’s creditors then the company has a good prospect of surviving as a going concern, the judge added.
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