Jack Murphy Outdoor goes under
today Jan 13, 2020
Jack Murphy, an Irish label dedicated to premium country clothing, has gone into liquidation after suffering mounting losses.
The Dublin company was established by Jack Murphy in 1922 and remains a family affair with his son Michael at the helm. The business began to flourish in the 1980s selling outdoor clothing and camping gear, and since then, it has become known for its tweed jackets, and waterproof outerwear.
Despite its growth, losses reached almost €119,000 at the end of 2017, according to its latest accounts.
John Mellett of Mellett Tyrrell chartered accountants was appointed as liquidator after a creditor’s meeting on 20 December, reported the Sunday Times.
He will be tasked with winding up the company in Ireland and its UK subsidiary in the coming months.
The UK company entered voluntary liquidation in October. It owes £575,773 (€676,000) to unsecured creditors, including £150,000 to Michael Murphy. The UK company was also owed £400,000 by its Irish parent company.
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