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
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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