independent

Saturday 21 October 2017

Furniture Depot closes down

ANOTHER WEXFORD business, Furniture Depot Kilkenny Ltd at Clonard Retail Park, has gone into voluntary liquidation due to the economic downturn.

A provisional liquidator, David van Dessel of Kavanagh Fennell Ltd. was appointed last Friday to the company which has a handful of branches around the country.

The company was formed in 2003 and expanded rapidly but showed a loss in its draft account for 2009 of more than €1,8 million, company representative Gary McCarthy told the High Court.

He said that if the provisional liquidator was appointed, he could continue to trade and ensure that customers who had paid deposits get their orders. The company directors attributed the decline in the fortunes of the chain to the economic downturn which resulted in severe difficulties in recent months.

The statement advised that all enquiries relating to the business of Furniture Depot Kilkenny Ltd should be made to the provisional liquidator at the company's Wexford headquarters on 053 - 9124212.

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