Property firm has debts of £100m, report reveals - Business News, Business - Belfasttelegraph.co.uk
A Northern Ireland property company has debts of over £100m, a report has revealed.
Jermon Ltd was founded in 1997 by Co Tyrone pharmacist Peter Dolan and his wife Jacqueline.
According to the administrator’s report, the company operated from a base in Dungannon, acquiring and developing a number of retail and office properties throughout Northern Ireland.
The company continued to grow by acquisition both in Northern Ireland and further afield, from significant bank borrowings.
As a result of the downturn in the local property market, the company experienced “severe working capital pressures” in late January.
An administrator was appointed on January 27 on Mr Dolan’s instructions and HMRC had additionally issued a winding-up petition against the company.
Oxford Homes Direct are estate agents in Oxford. Letting agents,Oxford. House to rent Oxford. Property for sale Oxford. Flats in Oxford for rent. House for sale Oxford. Apartments for rent Oxford. Find houses Oxford. Rooms to rent Oxford. Homes direct in Oxford. Make the right move & find Oxford apartments, estate agents Oxford. www.oxfordhomesdirect.co.uk Oxford estate agents & Oxford letting agent. Rightmove, Oxford. Primelocation, Oxford. Rightmove, Oxford
No comments:
Post a Comment