BusinessBusiness RecoveryAccounting errors cost jobs at Irish manufacturer

Accounting errors cost jobs at Irish manufacturer

More than 100 employees lose their jobs

The collapse of Swedex, a manufacturer of
Swedish windows and doors, based in Co Wicklow in Ireland, has seen 109
employees lose their jobs.

The company collapsed following the discovery of a series of major
accountancy discrepancies in the company’s books.

The High Court put the
company into provisional liquidation on Friday, following a petition by the
company’s directors, after it revealed multi-million pound debts.

The errors had the effect of distorting the company’s true financial
performance.

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