Castlelands Construction liquidation will see unsecured creditors lose millions of euro

Unsecured creditors of Castlelands Construction, once one of the biggest building firms in Munster, are expected to lose millions of euro after a liquidator was appointed to the firm.

28th May, 2011

Unsecured creditors of Castlelands Construction, once one of the biggest building firms in Munster, are expected to lose millions of euro after a liquidator was appointed to the firm.

Castlelands, which was founded in 1988 by John Barry, is being wound up after a creditors’ meeting heard that it was insolvent.

At its peak, the company had around 500 staff working on projects in Ireland and Britain. The Revenue moved to wind up the firm...

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