Saturday June 6, 2020

Financial pressures contributed to Habitat closure

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.

10th May, 2008

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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 5 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago