College is forced to close doors
EDGEWATER IN LIQUIDATION
Published 02/01/2013 | 10:01
EDGEWATER COLLEGE, Merchant's Quay, Drogheda, has permanently closed its doors, with a creditors meeting as part of the liquidation process due to take place this Friday.
The news of the college's demise comes just over a month after management denied to the Drogheda Independent it was due to close.
Following reports that staff were put on leave, Chief Executive Finian Connolly said last November that the changes were part of 'a restructuring process', and it was hoped ' talks with new investors..would bring more positive news'.
The creditors meeting will take in the Green Isle Hotel, Naas Road, Dublin this Friday at 10am, and the Drogheda Independent has learned hat the staff were told of the news via email.
They were given the name of the liquidator, and informed that ' this leaves the board with no alternative but to close the company down, terminate all employment and place the company in voluntary liquidation.'
Primarily an English- language school for overseas students, the college opened its doors in 1999.
In recent years, it added specialised aviation English courses to its curriculum, with hundreds graduating over the years from countries like UAE (United Arab Emirates).
Staff were put on what they were told was ' temporary leave' on November 21, while management took part in ' restructuring talks', however, the premises at 9-10 Merchants Quay is now closed.