A company which rents luxury properties on behalf of landlords including one owned by singer Bob Geldof is to be wound up by order of the High Court.
The court was told on Thursday that efforts to save Period Door Properties Ltd collapsed due to the withdrawal last week by Ulster Bank of overdraft and credit facilities and the unwarranted withdrawal by Daft.ie of advertising services.
Coupled with the behaviour of certain sub-tenants, to whom the group rented rooms but who allegedly refused to pay their rent and utility bills, the company is hopelessly insolvent and sought liquidation so that other tenants who are paying their bills can be treated fairly, the court was also told.
Period Door Properties business was to rent whole house…
Read the full article at: https://www.irishtimes.com/business/commercial-property/luxury-property-rental-group-files-for-liquidation-1.4621625
