Limerick Waste Recycling liquidator appointed
The accountant appointed to oversee the liquidation of the Limerick Waste Recycling company has said that he will release a statement in the coming days.
Pat Roche, with PriceWaterhouseCooper in the city, was appointed following a High Court action on Wednesday night.
There are an estimated 3,000 customers of the company in the city and county which will be affected.
It is unknown whether their contracts with the company will be undertaken by another waste collection contractor.
The company and its assets are now being investigated and it is understood that between 15 and 20 employees will be affected by the closure.
It is understood that Martin Sheahan, the owner of Mr Binman, as a creditor of Limerick Waste Recycling, sought to have the company wound up in the courts.
City councillors at last Monday's City Council meeting on April 3 expressed fears that a monopoly will develop in Limerick due to the fact that Mr Binman now provides the only domestic waste collection service.
At the meeting Cllr Jim Long advised that City Hall "should have trucks out on the road immediately" in the event of Limerick Waste Recycling going out of business.