Creditors Left Feeling Short Changed After Meeting With Clear Water Construction

The creditors meeting for Clearwater Construction and Landscape Ltd took place this morning at the Talbot Hotel in Stillorgan.

It is estimated that that over 130 businesses and sports clubs have been impacted and are owed money by the firm.

Among the long list of creditors present at the meeting was Jamie Farrell from Bunclody AFC who had previously paid the company 330,000 euro for works, of that about 180,000 euro worth or works have been completed, leaving a short fall over 130,000 euro. 

At the meeting manager director of Clearwater Construction Ltd PJ Norton explained in a statement why the company is in the position that it is in and why it is now entering liquidation. 

Questions were then put to Mr Norton from his creditors regarding statements he made today and previously. 

It was then agreed upon by the board that the company will now enter into a joint liquidation with two private companies. As well as this, 7 creditors have also been appointed to sit on a committee and form part of the liquidation process. Among those appointed to the committee was the treasurer of Bunclody AFC.