Subscribe Login
Retail

Creditors Meeting Scheduled for The Organic Supermarket

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.

According to a report in the Irish Independent, a meeting of creditors has been scheduled for 9 November, when Myles Kirby of Kirby Healy Chartered Accountants will be proposed as liquidator.

Accounts for the chain show that it was dependent on shareholders loans and that one of the company's main shareholders is also its biggest creditor. HCI Trust is a 50% shareholder in The Organic Supermarket Ltd and was owed €611,305 by the company at the end of 2017. The accounts also show that in January a further loan of €225,000 was advanced by shareholders to support working capital.

The Organic Supermarket Ltd has shops in Blackrock, Rathgar, and Malahide.

© 2018 Checkout– your source for the latest industry news. Article by Maev Martin. Click subscribe to sign up for the Checkout print edition.

Stay Connected With Our Weekly Newsletter

Processing your request...

Thanks! please check your email to confirm your subscription.

LIMITED TIME OFFER: 20% Off Our Premium Subscription
Enjoy full access to all website and app content, our weekly email news digest, and to Checkout Magazine 12 times a year (including our Top 100 Brands 2022 edition).
LIMITED TIME OFFER: 20% Off Our Premium Subscription
LIMITED TIME OFFER: 20% Off Our Premium Subscription
Enjoy full access to all website and app content, our weekly email news digest, and to Checkout Magazine 12 times a year (including our Top 100 Brands 2022 edition).
LIMITED TIME OFFER: 20% Off Our Premium Subscription