German giant seeks to wind up Conway Piling
THE managing director of Co Kildare-based civil engineering firm Conway Piling is hoping to resolve a disagreement with a German creditor which has petitioned the High Court to have the company wound up.
Lar Conway, hopes to have the situation resolved as early as this morning, and told the Irish Independent that the petition for the winding up presented by Stuttgart-based Ed Züblin is “not going to happen”. A hearing date has been set by the High Court for October 22.
Ed Züblin is a major construction and civil engineering group and employs about 14,000 people. It took in orders of close to €5bn in 2016.
Mr Conway declined to say why the German company had presented the petition. However, he said that it was not related to any difficulties that may have arisen from the collapse of UK construction giant Carillion.
Conway Piling has been involved in school construction projects in Ireland for which Irish firm Sammon Contracting was hired by a consortium including Carillion to build the schemes.
Sammon Contracting went into examinership earlier this year as a result of Carillion’s implosion and was subsequently liquidated in July with the loss of 200 jobs.
Construction of six schools in Ireland that were almost complete ground to a halt earlier this year as Carillion failed and Sammon got into difficulties.
Last July, Ger Conway of Conway Piling was among those who mounted a protest at the entrance to the under-construction Loreto Secondary School in Wexford town after hundreds of sub-contractors working on the schools projects in Ireland were left out of pocket.
Inspired Spaces, a joint venture that included Carillion, was hired under a public private partnership between the State and the National Development Finance Agency. The joint venture also included Dutch Infrastructure Fund.
Prior to its liquidation, Sammon hoped that the Dutch Infrastructure Fund would award it and builder BAM a contract to finish the school construction projects.
But it wasn’t certain such a contract would be awarded, prompting the liquidation of Sammon.
The contract to complete the schools was subsequently awarded to Northern Ireland’s Woodvale Construction.
The Loreto school in Wexford was subsequently completed and received certification, and opened to students last month. Other schools under the PPP bundle also received certification.
Lar Conway told the Press Association in July that his company was owed €40,000 after completing work on schools in Wexford and Bray, Co Wicklow, and that the loss of earnings would have a detrimental impact on his firm.
“We are trying to get answers in relation to retention money and an outstanding invoice for extra work that was done in November,” he said at the time “We haven’t been paid for that, despite being promised we would.”