Builders facing two winding up petitions

Troubled construction firm P Elliott is facing two winding up petitions from creditors.

14th May, 2011

Troubled construction firm P Elliott is facing two winding up petitions from creditors.

The company, which is one of the country’s largest building firms, laid off most of its staff last month as it struggled to cope with mounting debt. It is believed to have been working on a restructuring plan after cashflow issues left it unable to pay its sub-contractors. Two companies, William Cox Ireland and Oran Precast, have lodged High Court petitions in...

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