Modern Timber Homes

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Modern Timber Homes was an Irish business established in 2004 by Shaun McColgan. [1] [2] It built timber frame homes, roof trusses and door systems from a 30,000-square-foot (2,800 m2) premises, where it employed twenty people. [3] It was liquidated in 2008. [1]

The business was located at Crossan Business Park Bonagee in Letterkenny, County Donegal, and funded partly by the local enterprise board.[ citation needed ] In 2006, the company won an award at the National Enterprise Awards ceremony for its focus on ecologically-friendly homes. [4] However, in June 2008 the company sought protection from its creditors after running into financial difficulties. Modern Timber Homes petitioned the High Court to appoint an examiner, in an effort to rescue the business. The company had liabilities of €1.5 million and was not in a position to meet its debts.[ citation needed ] The company did not source new investment, did not "emerge from a period of examinership" and went into liquidation in September 2008. [1] On 4 November 2008, the company's goods were auctioned in an effort to cover its debts.[ citation needed ]

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References

  1. 1 2 3 "Letterkenny firm liquidated". donegaldemocrat.ie. 15 September 2008. Archived from the original on 28 July 2012.
  2. Kehoe, Ian (15 June 2008). "Timber frame business goes into examinership". The Sunday Business Post . Archived from the original on 11 May 2010. Retrieved 4 February 2009. The court confirmed the appointment of examiners to [..] Modern Timber Homes, which built timber-frame houses and employs 20 people in Letterkenny, Co Donegal
  3. Carswell, Simon (12 June 2008). "Housing sector remains 'very weak'". The Irish Times .
  4. "Donegal firm frames award". independent.ie. Independent News & Media. 26 October 2006.