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
The second largest improvement in ‘significant’ levels of financial distress since the EU Referendum was in professional services, found research from Begbies Traynor
Steve Absolom and Will Wright from KPMG Restructuring have been appointed joint administrators to City Motor Holdings and associated companies
Partners from Johnston Carmichael have been appointed as joint administrators to Axon Well Interventions Products UK
Begbies Traynor have been appointed administrators of William Anelay Ltd, York, one of Britain’s longest-established construction and heritage restoration companies