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Construction company requests examiner after payment problems

SIAC Construction said it had experienced uncertainty over payment for works done on projects in Ireland.

AN IRISH CONSTRUCTION company has applied for an examiner due to increasing uncertainty over payment for works in Ireland.

The company, SIAC Construction Limited (SCL), requested the appointment of an interim examiner to its business today in the High Court.

The decision, it said, was due to difficulties it faced “following exposure on a large road project in Poland” as well as “increasing uncertainty over the payment for works done on projects in Ireland”.

SIAC said that the decision is to effectively manage these difficulties and secure the long-term future of the firm.

SCL said it is confident that the company has a viable future post-restructuring based on a number of factors.

These include the fact that SCL has a core business with a long history in Ireland, which is capable of operating as a going-concern subject under a restructuring plan.

SCL has closed non-performing operations and since it experienced difficulties in Poland, the group has sold certain assets and made €17million available to SCL and related trading entities to support their businesses.

It is also pursuing significant contract and other claims in Poland and defending its position, and it has bank support.

SCL said it is “proactively working to do all it can to successfully navigate through this process and emerge a stronger entity”.

Its recovery plan is focused on “protecting jobs, delivering current contracts, and growing for the future”, it said, and it believes that its business is sustainable.

SCL is working with its partners to ensure it maintains current levels of activity and minimise the impact of any writedowns on its partners, staff and wider business.

Read: Examiner appointed to fashion chain A|wear>

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22 Comments
    Install the app to use these features.
    Mute TOP CAT
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    Jul 26th 2014, 5:12 PM

    My battery wouldn’t last long enough for me to do that…

    96
    Install the app to use these features.
    Mute Peter Gavin
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    Jul 26th 2014, 7:05 PM

    Laughable how difficult it is to do on an iPhone. Sure just getting music on it in the first place is a trial in itself with all the iTunes and syncing shite. Android is just drag and drop

    44
    Install the app to use these features.
    Mute Ariana
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    Jul 26th 2014, 7:20 PM

    If you’ve a Mac, you can just edit the song in GarageBand, and import as ringtone to iTunes, sync with iPhone, and you’re done.

    10
    Install the app to use these features.
    Mute Peter Nolan
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    Jul 26th 2014, 11:31 PM

    Since when is this a thing? I’ve had various phones over the past 15 years, always had a custom ringtone and never had a problem setting it (actually, I tell a lie, I had one for an afternoon that I returned when I discovered it couldn’t do it easily).

    Certainly, the article seems to be making things more complicated than they need to be for Androids. On my current phone, you don’t need to download any apps or anything like that. Just two steps:

    (i) Save your desired MP3 (any length you like) to the “Sounds” folder on the phone.
    (ii) Go — Settings>Sounds>Set Ringtone>Add and pick your MP3,

    Simples.

    You can even, just as easily, set your clock alarm to whatever MP3 you want. And you ‘notification’ tone (for emails, facebook updates etc) The only thing that’s tricky is setting things like the startup sound and camera shutter sound, but that those can be done with downloaded apps and a few steps.

    9
    Install the app to use these features.
    Mute Fluich It
    Favourite Fluich It
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    Jul 26th 2014, 6:06 PM

    or get the free ringtones app that lets you create them on your iphone from your music library, email them to yourself, open on your PC with itunes, sync iphone to PC, hey presto ring tone is on your iphone

    8
    Install the app to use these features.
    Mute Tom Colgan
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    Jul 26th 2014, 11:58 PM

    I was about to say that

    3
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    Mute bigmac
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    Jul 27th 2014, 12:06 AM

    The windows phone is crap, my mother in law got a free one (no wonder they were giving them away) and I was tasked with setting it up, an afternoon spent battling the phone, its too complicated I use Linux on the laptop and spend all day using drive and gmai on both the desktop ann the phone for work and give me android any day its intuitive and logical,

    4
    Install the app to use these features.
    Mute Niall Sheridan
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    Jul 26th 2014, 6:18 PM

    Ah but how do I apply different ringtones to different contacts on iPhone?

    2
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    Mute Lennie Leonard
    Favourite Lennie Leonard
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    Jul 26th 2014, 6:55 PM

    That’s easy you just do that when you are editing a particular persons contact details.

    10
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