Castleblayney Mart gone into liquidation
A liquidator has been appointed to the company that runs Castleblayney Mart, Edward Paul Nugent Ltd. The liquidator was appointed by resolution of the company on Monday 9 April 2018. The company trades as Nugent Auctioneers, Castleblayney Mart and Castleblayney Livestock. Its address is Muckno Street, Castleblayney, Co Monaghan.
The news follows the cancellation of livestock sales on 23 March and 24 March. The mart’s usual Friday cattle sales and Saturday sheep sales have not taken place since then.
The liquidator appointed is Cormac Mahon of Fitzwilliam Corporate Insolvency, Carrick House, 49 Fitzwilliam Square, Dublin.
A liquidator is appointed by the shareholders or unsecured creditors, or on a court order, to manage the winding up of a firm by selling off its assets. On appointment, the liquidator assumes control of the business, collects and auctions off its viable assets within a reasonably short time, pays the unsecured creditors from the proceeds of the sale, and, if any money is left, distributes it among the shareholders in proportion to their shareholdings.