This site uses cookies to improve your experience and to provide services and advertising. By continuing to browse, you agree to the use of cookies described in our Cookies Policy. You may change your settings at any time but this may impact on the functionality of the site. To learn more see our Cookies Policy.
OK
Dublin: 19 °C Thursday 19 July, 2018
Advertisement

Interim examiner appointed to movie chain Xtravision

Movie and game rental company with 1,300 employees told court it needs protection from creditors over debt payment issues.

Image: Dominic Hargreaves via Creative Commons

THE HIGH COURT HAS appointed an interim examiner to the movie rental chain Xtravision.

The company had sought court protection from its creditors due to its difficulty in paying its debts, Movies.ie reports.

David Hughss of Ernest and Young was appointed the company’s examiner after an independent accountant’s report found it had a reasonable prospect  of survival.

RTÉ reports that the independent review also found that the majority of the company’s 180 stores across Ireland and Northern Ireland are profitable.

The issue will be brought before the court again for a full hearing next month.

  • Share on Facebook
  • Email this article
  •  

Read next:

COMMENTS