When to liquidate your retail business?
Irish Insolvency are experts in the retail industry. We have provided insolvency service and overseen retail liquidations across Ireland. Many Retail businesses struggle with high rental agreements and leases, which have not been properly reviewed. This inevitably leads to a situation where the company is unable to continue in business. Irish Insolvency provide free consultations and can advise directors on their options.
Irish Insolvency were recently appointed liquidator to a retail store in Dublin 2. Once appointed liquidator all retention of title claims were dealt with and all unencumbered stock sold on behalf of the creditors.
The liquidator sold the property on behalf of the bank (over which they had a fixed charge), realising significant funds.