Organic Supermarket faces liquidation
A LIQUIDATOR will be nominated to take control of The Organic Supermarket Ltd, the company behind a chain of Dublin retail outlets and a grocery delivery service.
The chain has shops in Blackrock, Rathgar and Malahide – three of the capital’s wealthiest suburbs.
Accounts for 2017 show it was dependent on shareholders loans.
A meeting of creditors has been scheduled for November 9, when Myles Kirby of Kirby Healy Chartered Accountants will be proposed as liquidator.
One of the company’s main shareholders is also its biggest creditor, according to the most recently filed accounts.
They show HCI Trust is a 50pc shareholder in The Organic Supermarket Ltd, and was owed €611,305 by the company at the end of 2017. In January, a further loan of €225,000 was advanced by shareholders to support working capital, the accounts show.