Building contractors DBO to pursue missing assets
• Directors write off value of plant machinery and ‘unauthorised transactions’, and begin legal action
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...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
*New subscribers only
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Unlimited Access for 2 Years
Get a Business Account for you and your team
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures