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Court told NSR Engineering Ltd, which has more than 50 employees and subcontractors, was insolvent and unable to pay its debts.
As reported by the Irish Times, the High Court has appointed a provisional liquidator to an electrical contracting company that has more than 50 people working for it on various projects.
The order was made in respect of NSR Engineering Ltd, whose financial difficulties have been largely caused by the impact of the Covid-19 pandemic on the sector, and significant increases in the costs of obtaining materials.
Ms Justice Carmel Stewart appointed insolvency practitioner John Healy of Kirby Healy as provisional liquidator to the company, with a registered address at Kinsealy Business Park in Co Dublin, after being satisfied that the firm was insolvent and unable to pay its debts.
Source: Irish Times