Business Irish

Monday 24 October 2016

Danninger winding up could take five years

Published 28/12/2015 | 02:30

Liam Carroll. Photo: Courtpix
Liam Carroll. Photo: Courtpix

It's expected to take up to another five years to complete the winding up of one of the main companies behind developer Liam Carroll's crumbled empire.

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The liquidator for Danninger, Michael Butler, has recently estimated it will take between two and five years to complete the process. Danninger, he noted in the latest account of his dealings, has debts of just under €1.3bn. It also shows that the liquidator's costs and fees totalled €121,339 between September 2014 and August 2015. The only assets left in Danninger are a number of carparking spaces valued at €933,000

Irish Independent

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