A liquidator has been appointed to Devondale Limited, a construction company owned by the property developers Brian and Anthony Durkan. A special resolution was filed with the Companies Registration Office on January 2 recommending the winding up of the company as it “cannot by reason of its liabilities continue its business”. Insolvency practitioner Kieron Hayes of the accountancy firm Hayes & Co has now been appointed liquidator of the company. This liquidation doesn’t affect other Durkan-controlled companies. Devondale was a significant borrower from the Irish Nationwide Building Society (INBS) during the Celtic Tiger years. In 2012, it posted accumulated losses…
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