Legal

‘We’ll invest more if a deal can be done’ – Ringfort homebuyers invited to discuss receivers

The Co Meath house purchasers, who were asked to pay an additional €60,000 for their homes, have been concerned about building company Meathamatic going into receivership

The unfinished Ringfort housing development in Rathmolyon, Co Meath. Meathamatic, the developer behind the estate, has gone into receivership. Picture: Barry Cronin

The American businessman behind an insolvent firm which has left families concerned that a Co Meath housing estate will not be completed, has committed to putting more money into the development if a deal can be reached, his co-director has said.

Michael Joseph Elias, an American-born businessman, is a director and shareholder of both Spudmakers and Meathamatic.

Mark Flynn, a co-director of Meathamatic, told the Business Post that the goal was to “get the project ...