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Shannon Knights enters receivership

Established in 1972, the Shannon Knights, the iconic bar and bistro and one of the most prominent social venues in the town, has entered receivership. A member of management said employees are, as yet, unaffected and that the outgoing owners had been good to work for and are well regarded in the community. Shannon Knights embarked on a multi-million euro revamp some years ago and when it reopened in 2010, there was talk of expanding its clientele to Ennis and Limerick, but economic conditions proved very challenging thereafter. Annual accounts filed in 2015 and prepared by Curtin, O’Friel & Co Chartered Certified Accountants, showed that in the year to the end of August 2014, Shannon Knights had accumulated losses of €1,745,549. The accounts also showed that there were bank loans of over €3.4 million to be repaid. At the time there was uncertainty about the ability of the company to continue, as the submission stated there was “uncertainty which may cast …

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