Timber frame business goes into examinership

An award-winning Donegal timber frame manufacturer has sought protection from its creditors after running into financial difficulties.

Ian Kehoe - avatar

Ian Kehoe

14th June, 2008

An award-winning Donegal timber frame manufacturer has sought protection from its creditors after running into financial difficulties.

Modern Timber Homes petitioned the High Court last week to appoint an examiner, in an effort to rescue the cash-strapped business. The company has liabilities of €1.5 million and is not in a position to meet its debts.

Ken Fennell, a partner with Dublin accountancy form Kavanagh Fennell, was appointed examiner by the court, and has 70 days...

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