Precision Electric Ireland has entered liquidation while owing more than 4.3 million to creditors, 3.2 million of which is due to unsecured creditors.
The decision to wind up was taken by the company directors on the basis that the companys liabilities far outweighed its assets. According to the directors estimated statement of affairs, the total deficit at the company is 727,558.
As of May 5th the company had 19,269 in cash at the bank. The most significant asset for the engineering services firm wa…
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