Tag Archives: Grant Thornton

PANDEMIC restrictions are putting increased pressure on rural post offices, as the move towards a cashless society accelerates, according the post master for Scariff and Feakle. Brian McMahon said that while rural post offices had been commended as centres of help and support for the community, there was no real recognition from government of the pressures created by Covid-19 restrictions. “The government is striving for a cashless society,” he said. “That has meant more payments to bank accounts, rather than in person at the post office. The reality is that communities need cash and in some cases, we are the major supplier in places where there is no bank or cash point in many areas.” Mr McMahon added that the terms of the new contracts issued to post masters were not as favourable as those issued two years ago. “Under the old contracts, we counted our transactions over a three-year period,” he noted. “Now we are counting them month-by-month. As …

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 …

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 …