Conai Designs (Ireland) Ltd, the company that owned the Habitat retail franchise in Ireland was relying on the repayment of €1.4 million it had loaned to its subsidiary in the North to remain solvent.
Accounts filed for the company covering the year ending March 2007 show there was a ‘‘fundamental uncertainty’’ regarding the repayment of the money from the Northern company. The auditors included the amount as a debtor on the basis that the directors...
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