Menu
16/11/2010
Four Star Pizza Appoints Examiner
Takeaway food chain, Four Star Pizza, has been appointed an examiner in the High Court yesterday.
The popular pizza chain, owned by parent company Zowington, is insolvent and has sought protection at the High Court from its major creditor, National Irish Bank.
Neil Hughes of Hughes Blake has been appointed as interim examiner for the company and will be putting together a new investment and a rescue plan.
According to reports this morning, the company owes National Irish Bank some €4.9 million.
The Revenue Commissioners, food supply firms and a printing company are also amongst its creditors. Justice Frank Clarke was told in the High Court yesterday that Four Star Pizza was currently unable to pay the debts. Latest accounts for Four Star show the holding company made a loss in 2008 of €83,000.
Four Star Pizza is a wholly owned Irish company operating 40 company owned and franchised stores throughout Ireland with a number of outlets in the North.
The company said it would continue to trade as normal and no job losses have been announced. The holding company employs 35 people while its 40 outlets have 400 workers.
It's likely that the insolvency will end the company's plans to open a further 60 stores in Ireland by 2012.
(DW)
The popular pizza chain, owned by parent company Zowington, is insolvent and has sought protection at the High Court from its major creditor, National Irish Bank.
Neil Hughes of Hughes Blake has been appointed as interim examiner for the company and will be putting together a new investment and a rescue plan.
According to reports this morning, the company owes National Irish Bank some €4.9 million.
The Revenue Commissioners, food supply firms and a printing company are also amongst its creditors. Justice Frank Clarke was told in the High Court yesterday that Four Star Pizza was currently unable to pay the debts. Latest accounts for Four Star show the holding company made a loss in 2008 of €83,000.
Four Star Pizza is a wholly owned Irish company operating 40 company owned and franchised stores throughout Ireland with a number of outlets in the North.
The company said it would continue to trade as normal and no job losses have been announced. The holding company employs 35 people while its 40 outlets have 400 workers.
It's likely that the insolvency will end the company's plans to open a further 60 stores in Ireland by 2012.
(DW)
Related Irish News Stories
Click here for the latest headlines.
13 March 2024
How Much Gambling Takes Place in Ireland?
When we think of Ireland, we may think of many things ranging from lush green landscapes to Guinness and Irish dancing, but it may be surprising to learn that the country has a passion for gambling.
How Much Gambling Takes Place in Ireland?
When we think of Ireland, we may think of many things ranging from lush green landscapes to Guinness and Irish dancing, but it may be surprising to learn that the country has a passion for gambling.
11 November 2010
Firms Win InterTradeIreland Competition
Two Northern firms have excelled in what is the largest business competition on the island of Ireland - Seedcorn 2010. Run by InterTradeIreland, the organisation that supports small and medium-sized businesses across Ireland for better North/South trade and business development, it offers a total prize fund of €280,000.
Firms Win InterTradeIreland Competition
Two Northern firms have excelled in what is the largest business competition on the island of Ireland - Seedcorn 2010. Run by InterTradeIreland, the organisation that supports small and medium-sized businesses across Ireland for better North/South trade and business development, it offers a total prize fund of €280,000.
27 January 2009
Wicklow Pizza Restaurant Announces NI Jobs Boost
A Wicklow-based pizza firm has announced plans to expand its franchise presence in Northern Ireland, creating dozens of local jobs. Four Star Pizza, which already has outlets in Belfast, Londonderry and Newtownabbey, is set to open three new shops as part of an all-island expansion plan.
Wicklow Pizza Restaurant Announces NI Jobs Boost
A Wicklow-based pizza firm has announced plans to expand its franchise presence in Northern Ireland, creating dozens of local jobs. Four Star Pizza, which already has outlets in Belfast, Londonderry and Newtownabbey, is set to open three new shops as part of an all-island expansion plan.
27 February 2012
Average 12 Inch Pizza Can Contain More Than Recommended Daily Calorie Intake
A person eating an 'average' 12 inch size pizza in one sitting can consume more than their entire requirement of calories, saturated fat and salt for a full day according to new research by safefood.
Average 12 Inch Pizza Can Contain More Than Recommended Daily Calorie Intake
A person eating an 'average' 12 inch size pizza in one sitting can consume more than their entire requirement of calories, saturated fat and salt for a full day according to new research by safefood.
-
Ireland WeatherToday:A mostly cloudy start with scattered showers, the showers becoming more isolated and largely confined to the south this morning. Becoming brighter this afternoon, the best of any sunnier spells across northern counties. Northerly winds easing. Maximum temperature 12 °C.Tonight:A dry evening with late sunny spells and some long clear spells overnight. Becoming cloudier across the north towards dawn with a few showers possible. Touch of frost in south. Minimum temperature 0 °C.
