Mayo's Achill Island Brewery is being liquidated after being unable to pay its power bills
The craft beer brand was set up in 2014 by brothers Malcolm and Dermot Cooney.
THE HIGH COURT has appointed a provisional liquidator to a west of Ireland-based beer maker.
Mr Justice Paul Gilligan today appointed John Healy of Kirby Healy Chartered Accountants as provisional liquidator to Tairgi Acla Ltd after being informed the company is insolvent and unable to pay its debts.
The company, which is located at Bunnacurry, Achill Island in Co Mayo operated a facility know as the Achill Island Brewery.
The court heard the company, which made the Achill brand beer from natural mountain lake water and carrageen moss, has a creditors’ list totalling €158,000.
Seeking the appointment, Rory Kennedy, for the company, said the decision was being taken to wind up the firm because it no longer had insurance, a brewing licence and the “electricity was about to be turned off due to non-payment of debts.”
Counsel said the company wanted a liquidator in order to secure the company’s assets and stock, and so that the brewery’s two employees will be in a position to process their claims for redundancy, arrears of wages and holiday pay prior to Christmas.
Counsel said the company was set up in 2014 by brothers Malcolm and Dermot Cooney from Achill and their UK-based cousins Anthony and Daniel Keating.
Counsel said the relationship between the cousins had broken down, and the company has not been able to trade properly for some months.
A meeting of the company had taken place earlier this week and the company’s members unanimously agreed that it was in the creditors’ and former employees’ best interests that a liquidator be appointed, counsel added.
Mr Justice Gilligan, in approving the appointment, adjourned the matter to a date in January.
