Cement tycoons to invest €3m to rescue The Vaults
An investment company of the Lagan family is set to rescue The Vaults from examinership by investing €3 million in new capital in the venture. Joe Walsh, a court-appointed examiner to the business, wrote to creditors late last week to inform them of the new investment by the Lagans who beat a rival strong bid for the business by Tayto park kingpin Ray Coyle supported by shareholder Barry Kenny.
The Vaults is a new multimillion-euro...
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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