No Relief Likely For Creditors Of Clear Water Construction

The creditors meeting for Clearwater Construction and Landscape Ltd took place this morning at the Talbot Hotel in Stillorgan.A comprehensive list revealed that it is estimated over 130 businesses and sports clubs have been impacted and are owed money by the firm.

While we await the official post meeting statement from the joint liquidators, Jamie Farrell from Bunclody AFC shared that the estimated break down value of the releasable funds is about five thouand euro where the defecit of the book valued owed is said to be 2.29 million euro. 

Bunclody AFC had previously previously paid the construction company a total of three hundred and thirteen thousand for works, of that about one hundred and eighty thousand euro worth or works have been completed, leaving a short fall over one hundred and thirty thousand euro.