Landmark outlet, operational since 1971, is under the control of Paddy McKillen Jnr's company, Crawley Ltd. The outlet employs approximately 30 staff and is currently in examinership, which offers protection from creditors for up to 100 days. Crawley Ltd has been late in filing its accounts, reflecting impacts from the Covid pandemic. The Captain Americas outlet on Grafton Street is no longer affiliated with the former Press Up leisure group, which was recently taken over by Cheyne Capital. Press Up has now been rebranded as Eclective Hospitality.
The outlet has been on the street since 1971, having been opened by Mark Kavanagh. The business is now controlled by a company owned by Paddy McKillen Jnr, called Crawley Ltd.
A company in examinership is protected from creditors for an initial 70 days, but that can be extended to 100 days if the examiner is unable to formulate a scheme of arrangement.
Press Up was founded in 2009 by Mr McKillen and Matt Ryan. However, last year the struggling group was acquired by London-based finance firm Cheyne Capital in a €25m debt-for-equity swap.
Earlier this year, Press Up was renamed Eclective Hospitality. In May, a company that controlled 12 venues and which is part of Eclective, was placed into examinership.
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