Four potential buyers in the frame for TLT sale
But delays in flow of information could scupper potential deal
Four separate companies have contacted the receiver in charge of TLT International with a view to buying the business.
But delays in the flow of information from creditors is now jeopardising the chances of the business being sold on.
Despite going into receivership nearly two weeks ago with €3m in outstanding payments owed to farmers and marts, a clear picture of the TLT business has yet to emerge.
Industry sources claimed that both the marts and the directors of the company, the Garavelli brothers, Paolo and Davide, were dragging their heels in supplying accurate information.
It is believed that marts are reluctant to offer hard facts because some of the stock sold through them to TLT have since been repossessed by the farmers who originally sold them.
The receiver appointed to the business, Grant Thornton's Gearoid Costelloe, said that he had a window of a few weeks to secure a buyer for the business. He said that he had three enquiries from Irish entities and one from abroad.
Two of the domestic enquiries came from existing live exporters, while the other Irish suitor for the business is said to be closely connected with the haulage end of the trade.