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Ellen Construction gone into liquidation

  • 07-11-2009 11:08PM
    #1
    bobbysands81
    Registered Users, Registered Users 2 Posts: 7,219 ✭✭✭


    according to today's Indo.

    What ramifications does this have for people who have bought in one of their complex's which although practically finished has only sold a few of them???


Comments

  • #2
    stepbar
    Closed Accounts Posts: 6,123 ✭✭✭stepbar


    NAMA or fire sale. That's basically what will happen.


  • #3
    babaduck
    Registered Users, Registered Users 2 Posts: 488 ✭✭babaduck


    stepbar wrote: »
    NAMA or fire sale. That's basically what will happen.
    Ulster Bank are not part of NAMA, so you'll be at their tender mercies.


  • #4
    bobbysands81
    Registered Users, Registered Users 2 Posts: 7,219 ✭✭✭bobbysands81


    babaduck wrote: »
    Ulster Bank are not part of NAMA, so you'll be at their tender mercies.

    Are Ellen Construction linked somehow to Ulster Bank?


  • #5
    godtabh
    Moderators, Science, Health & Environment Moderators Posts: 23,260 Mod ✭✭✭✭godtabh


    bobbysands81 wrote: »
    Are Ellen Construction linked somehow to Ulster Bank?

    I assume thats where they got their money from


  • #6
    shamblertine
    Closed Accounts Posts: 888 ✭✭✭shamblertine


    what apartments do they own?


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  • #7
    wexford202
    Closed Accounts Posts: 350 ✭✭wexford202


    I wouldn't worry about anything for the moment. The bank's receiver will keep all the apartment s that have been sold etc going and will prob also finish any that haven't sold.

    They have a website


  • #8
    elainedunne
    Closed Accounts Posts: 2 ✭elainedunne


    wexford202 wrote: »
    I wouldn't worry about anything for the moment. The bank's receiver will keep all the apartment s that have been sold etc going and will prob also finish any that haven't sold.

    They have a website

    So are the company in liquidation..and if so what does that mean if you are buying one of their properties!!


  • #9
    elainedunne
    Closed Accounts Posts: 2 ✭elainedunne


    Is this company in liquidation, and what does it mean if you are going to buy one of their properties????


  • #10
    GVB
    Registered Users, Registered Users 2 Posts: 1 ✭GVB


    advert in last fridays daily star newspaper 21st of january 2011.

    in the matter of companies acts 1963-2001 and in the matter off ellen construction ltd

    notice is here by given pursuant to section 266 of the companies act 1963, that a meeting of the creditors of the above named company will be held at ashtown park hotel, gorey, co. wexford on tuesday 1st february 2011 at 12 noon for the purposes mentioned by sections 267 & 268 of the said act. by order of the board dated this 20th january 2011.


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