Ashcoin, a Dublin engineering company that employs 100 people, has ceased trading just three months after emerging from examinership.
The company stopped trading last Tuesday and is set to go into liquidation after being advised by its accountants and bankers that it was insolvent. The directors plan to appoint a liquidator to wind up the business in the coming days.
In March, the High Court sanctioned a scheme of arrangement to save Ashcoin from bankruptcy. Under...
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