Revenue flexes its muscles as it halts €13m warehoused tax deal

Mac Interiors thought its examinership would succeed until the High Court came down on the side of the taxman

Paul McKenna, the owner of Mac Interiors, which has been placed into liquidation

Over a 48-hour period last week, it briefly looked like Mac Interiors was going to turn things around, revive a rescue deal to get itself out of a nearly €27 million hole, and continue trading.

The Newry-based fit-out and construction firm, which had delivered flagship projects for a number of blue chip clients, had been in financial trouble after exiting the Covid-19 pandemic with heavy losses. It faced into a future marked by inflation, with ...