It has worked on many high-profile civil engineering projects, including the recent upgrade of the M7 motorway.
The companies within the group had been relying on financial support from its overall parent company XTA Investments Ltd. The court also heard that the group owes €9.5 million in loans that were obtained from Ulster Bank in recent years. The judge said that it was in the best interests of all relevant parties, and to help ensure an orderly winding up of the businesses, that a provisional liquidator be appointed.
Source: Law Daily Report (lawdailyreport.net)
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