Monday 24 July 2017

Several bids for liquidated Pulse chain

Donal O'Donovan

Donal O'Donovan

The liquidator of the Pulse Accessories chain of fashion jewellery stores has received a number of approaches since the business was put up for sale a week ago. It comes as the most recent accounts show the company came into 2010 with net liabilities of €820,000.

Liquidator Ken Fennell told the Irish Independent that expressions of interest had come from a number of parties, ranging from rival chains looking to buy up the company's stock to potential bids for the company as a going concern.

Pulse Accessories is the main trading name of Berganza Limited which was placed in liquidation by the High Court on October 20. Accounts show that the company had debts falling due in 2010 of close to €2.5m. Much of that debt is understood to have been rents on retail premises around the country. The figure was almost unchanged from the previous year.

Irish Independent

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