Advertisement

We need your help now

Support from readers like you keeps The Journal open.

You are visiting us because we have something you value. Independent, unbiased news that tells the truth. Advertising revenue goes some way to support our mission, but this year it has not been enough.

If you've seen value in our reporting, please contribute what you can, so we can continue to produce accurate and meaningful journalism. For everyone who needs it.

Dominic Hargreaves via Creative Commons

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.

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.

Readers like you are keeping these stories free for everyone...
A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

Close
JournalTv
News in 60 seconds