Anger and frustration at creditors meeting of troubled Offaly firm as 458,000 in customer deposits in jeopardy
Briefly

"The company went from turning over about €700,000 three years ago to turning over €3.2m. What happened is so called 'overtrading.' This business grew beyond their capabilities."
"We have windows out of our houses, holes in our walls. We have blocks outside our house, builders coming in through the front."
Financial documents show that the company has assets worth €46,162 but liabilities of €1,271,819 - a net deficiency of €1,225,657. Customer deposits total €458,670."
Read at Irish Independent
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