The former owners of Grove Turkeys, who sold the business last year in an undisclosed deal, have applied to the Companies Registration Office (CRO) to wind up their company, BMSHTD, as part of a voluntary liquidation of the business.
Brendan Maguire, Stephen O’Halloran and Thomas O’Driscoll are expected to net over €15m between them after applying for the solvent liquidation of BMSHTD, an unlimited company the trio used as the parent company of Grove Turkeys. Papers filed in the last week with the CRO show BMSHTD has €15.27m in assets and less than €215,000 in outstanding liabilities.
Maguire, O’Halloran and O’Driscoll sold Grove Turkeys in May last year to Ranjit Singh, owner and chief executive of the UK’s third largest food company, 2 Sisters Food Group.
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The trio took control of Grove Turkeys in 2006 after acquiring the business from Kerry Group in a management buyout. Grove Turkeys had a turnover of €25m and processed 1m turkeys last year.
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The former owners of Grove Turkeys, who sold the business last year in an undisclosed deal, have applied to the Companies Registration Office (CRO) to wind up their company, BMSHTD, as part of a voluntary liquidation of the business.
Brendan Maguire, Stephen O’Halloran and Thomas O’Driscoll are expected to net over €15m between them after applying for the solvent liquidation of BMSHTD, an unlimited company the trio used as the parent company of Grove Turkeys. Papers filed in the last week with the CRO show BMSHTD has €15.27m in assets and less than €215,000 in outstanding liabilities.
Maguire, O’Halloran and O’Driscoll sold Grove Turkeys in May last year to Ranjit Singh, owner and chief executive of the UK’s third largest food company, 2 Sisters Food Group.
The trio took control of Grove Turkeys in 2006 after acquiring the business from Kerry Group in a management buyout. Grove Turkeys had a turnover of €25m and processed 1m turkeys last year.
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