Play
Organic Supermarket faces liquidation
A LIQUIDATOR will be nominated to take control of The Organic Supermarket Ltd, the company behind a chain of Dublin retail outlets and a grocery delivery service.
The chain has shops in Blackrock, Rathgar and Malahide - three of the capital's wealthiest suburbs.
Accounts for 2017 show it was dependent on shareholders loans.
A meeting of creditors has been scheduled for November 9, when Myles Kirby of Kirby Healy Chartered Accountants will be proposed as liquidator.
One of the company's main shareholders is also its biggest creditor, according to the most recently filed accounts.
They show HCI Trust is a 50pc shareholder in The Organic Supermarket Ltd, and was owed €611,305 by the company at the end of 2017. In January, a further loan of €225,000 was advanced by shareholders to support working capital, the accounts show.
Most Watched
Play
Play
Play
Play
Play
Latest Small Business
- Isme seeks opt-out for small firms from EU law tackling human rights, labour and climate abuses
- British and US parent groups reassess Irish subsidiaries
- What small retailers can learn from Disney about omnichannel strategies
- 'Carbon audit' not required to secure SME energy subsidy
- Growing payment crisis threatens to cripple building industry and send young workers abroad
Most Read
Latest
- WATCH: Shelly-Ann Fraser-Pryce scorches track in race at her daughter's schools sports day
- Robbie Benson sees red for Dundalk as Shamrock Rovers return to winning ways
- New Late Late Show host shouldn’t be a woman ‘just because it’s time’, says Daniel O'Donnell
- Two men arrested as part of €1.3m seizure of cannabis in suspected organised crime operation
- More Tolka spark for Derry as Ryan Graydon goal puts City on top