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Tag Archives: Grant Thornton

Council seeks plan for unfinished Clarecastle development

Clare County Council has formally asked Grant Thornton, the receivers of the unfinished development at Cois Fhorgais in Clarecastle village, to furnish their plans for the site. The development, which is known locally as Devine’s Field, has been in a state of disrepair for several years. Local Fine Gael Deputy Joe Carey has been advised by the council’s planning department that they recently carried out an inspection of the unfinished development at Cois Fhorgais, Clarecastle and had written to the receivers, Grant Thornton, with reference to the long-term resolution of the site and current issues therein which require immediate attention. “As you are aware, the above site is listed on the Register of Unfinished Housing Developments and it is noted that little or no recent works have been carried out on the site to rectify the situation. There is currently a live extension of planning permission on the site, which will expire in April 2016. Consequently, the planning authority has requested the …

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Interim examiner for Transaero

Transaero, which employs 235 people at Shannon, is unable to meet its debts because of economic difficulties in Russia and by its Russian parent company, the High Court was told today this week. Mr Justice Bernard Barton appointed Grant Thornton chartered accountant, Michael McAteer as interim examiner to Transaero Engineering Ireland (TEI), a globally approved maintenance, repair and aircraft overhaul company. Barrister James Doherty told the court that TEI, which had a turnover of €27 million in 2010/11, was an Irish-registered company, which had been generating relatively modest profit and had been taken over by Transaero Airlines in 2012. He said increased pressures had been put on TEI’s profitability by its parent company, which had required it to carry out work for it on a cost only basis, which had eaten into its profits. Mr Doherty said the company was seeking the appointment of an interim examiner to stabilise its position and give comfort to employees that their situation is …

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