Monday 23 January 2017

High Court petitions to have P Elliott wound up are withdrawn

Tim Healy

Published 24/05/2011 | 05:00

TWO High Court petitions seeking to have the construction firm P Elliott and Co Ltd wound up have been withdrawn as a result of a receiver being appointed to the company.

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Yesterday at the High Court, Ms Justice Mary Laffoy was informed that William Cox Ireland and Oran Precast, who are both creditors of P Elliott, wished to withdraw their applications to have the Cavan-based firm put into liquidation following last week's announcement that Kieran Wallace of KPMG had been appointed receiver.

Both firms had claimed P Elliott was insolvent and unable to pay its debts.

Noting the appointment of a receiver, the judge said that in light of what had occurred she was prepared to grant the firms leave to withdraw their petitions.

Payment

In a separate petition due before the High Court next week, MCR Personnel, which specialises in the recruitment of professionals for the construction industry, claims that it demanded payment of more than €1.7m from P Elliott late last year for services it says it provided for the construction firm over a six-year period.

In addition, a sub-contracting firm OMC Engineering had served a 21-day notice on the company seeking payment of €100,000 due for work carried out on a number of projects.

P Elliott and Co, with a registered address at Century Business Park, Dublin Road, Cavan, was one of the Ireland's biggest construction firms.

Irish Independent

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