Claims of ‘unsustainable’ debt disputed as Broderick’s battle returns to court

Barry Broderick maintains that an examinership petition is being taken in the best interest of the confectionery company, but Starkane, its majority shareholder, is opposing the move

23rd November, 2020
Claims of ‘unsustainable’ debt disputed as Broderick’s battle returns to court
Barry Broderick, pictured with his brother Bernard, right, is petitioning for an examinership at Ina’s Kitchen Desserts, trading as Broderick’s, a chocolate snacks business that has had major customers such as Aldi, Aer Lingus and Starbucks.

The dispute over the future of Broderick’s confectionery business has returned to the High Court, with further claims and counterclaims over the solvency of the business.

While one financial expert alleged there is €13 million worth of “unsustainable” debt on the company’s balance sheet, another said there is no creditor threat to the company that would require the protection of examinership.

Supported by his family, director and shareholder Barry...

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