No, this is not exactly good news for shareholders. What really...

No, this is not exactly good news for shareholders.

What really caught my eye was "Ordinary unsecured trade creditors are estimated to receive a small return". Good luck with obtaining further business dealings (under current business names) with said creditors!


Those wishing to get a handle on this debacle  may wish to read the report tabled as part of the second creditors meeting (scroll down to the tab):

http://www.mcgrathnicol.com/assignments/mcaleese-limited/