Dublin Restaurant Seeks Court Protection After Revenue Seizes Bank Account
Dublin Restaurant Seeks Court Protection amidst Mounting Debts and Licensing Issues
Dublin, Ireland - The Green Hen, a popular Dublin restaurant, is facing financial turmoil and has sought court protection from creditors. The Dublin Circuit Court heard on Friday that the restaurant’s bank account has been frozen by the Revenue commissioners due to unpaid taxes.
barrister Ross Gorman, representing Chequer Catering Ltd, the company behind The Green Hen, told judge John O’Connor that the restaurant has been struggling to meet its tax obligations, with VAT and PAYE debts accumulating for at least a year.
Gorman explained that a sheriff appointed by the revenue Commissioners had recently begun monitoring the restaurant’s takings, a critical period for the business. He argued that granting court protection would prevent further asset seizure and allow the restaurant to address its financial difficulties.
The Green Hen, located on Exchequer Street, enjoyed a successful run between 2010 and 2019. However, the COVID-19 pandemic, social distancing measures, and the rising cost of utilities have substantially impacted its profitability.
Adding to the restaurant’s woes, a fire safety inspection in July revealed the need for considerable renovations, leading to the suspension of its alcohol license. This loss of revenue from alcohol sales has further strained the business.
Gorman emphasized that The Green Hen remains a well-established and respected establishment. He believes that a competitive bidding process would attract potential buyers, ensuring the restaurant’s future.
However, before being put up for sale, the company must resolve its tax liabilities and obtain a renewed alcohol license.
Judge O’Connor expressed concern over the absence of a representative from the Revenue Commissioners and adjourned the case until the afternoon, allowing time for notification.
Local Favorite The Green Hen Seeks Court Protection
Dublin, Ireland – The Green Hen, a long-standing Dublin eatery, finds itself in financial difficulty and has filed for court protection amid mounting debts and licensing issues.The Dublin Circuit Court learned on Friday that the restaurant’s bank account has been frozen by the Revenue Commissioners due to unpaid taxes.
Barrister Ross Gorman, representing Chequer Catering Ltd, the company behind The Green Hen, informed Judge John O’Connor that the restaurant has been struggling to meet its tax obligations, with VAT and PAYE debts accumulating for at least a year.
Gorman explained that a sheriff appointed by the Revenue Commissioners had recently begun monitoring the restaurant’s takings, a particularly crucial period.He argued that granting court protection would prevent further asset seizure and provide the restaurant with the possibility to address its financial difficulties.
Despite a prosperous run between 2010 and 2019, The Green Hen has been substantially impacted by the COVID-19 pandemic, social distancing measures, and rising utility costs. Adding to these challenges, a fire safety inspection in July revealed the need for substantial renovations, leading to the suspension of its alcohol license. This loss of revenue from alcohol sales has further strained the buisness.
Gorman stressed that the Green Hen remains a well-established and respected establishment and believes that a competitive bidding process could attract potential buyers, ensuring its future. However, before being put up for sale, the company must resolve its tax liabilities and obtain a renewed alcohol license.
Judge O’Connor expressed concern about the absence of a representative from the Revenue Commissioners and adjourned the case until the afternoon, allowing time for notification.