Friday April 3, 2020

Custom House merger followed auditor warning

Wealth manager Custom House Capital is restructuring its business, having received a warning from its auditors about its ability to continue as a going concern.

25th June, 2011
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Wealth manager Custom House Capital is restructuring its business, having received a warning from its auditors about its ability to continue as a going concern.

The restructuring comes after it emerged that the company faces a maximum contingent liability of €15.8 million, which far exceeds its €5.2 million in capital.

The accounts also reveal that Custom House Capital increased its own share capital by almost €1.3million last year.

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