Monday May 25, 2020

Building contractors DBO to pursue missing assets

• Directors write off value of plant machinery and ‘unauthorised transactions’, and begin legal action

23rd April, 2017

The directors of Kildare-based DBO Environmental Solutions have raised concerns about “alleged unauthorised transactions” during its financial year to the end of 2016, which had contributed to the company having negative reserves of €1.6 million.

Accounts for the contracting business, based in Toughers Business Park in Co Kildare, note that its directors have decided to write off the value of these assets but intend to pursue their recovery in full.

A note to the...

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