Zara West and Aisling Doran of Pinsent Masons in Dublin were commenting after liquidators of DK Windows and Doors reported the company for alleged insolvent trading to the Corporate Enforcement Authority (CEA) in Ireland. DK Windows refutes the claim, according to a report by the Irish Times.
Insolvent trading is a term used to describe where a company continues to operate despite being unable to pay its debts as they fall due. In Ireland, company directors can face potential penalties if insolvent trading amounts to either reckless or fraudulent trading under the Companies Act 2014.
DK Windows ran a ‘Black Friday’ promotion shortly before it stopped trading in December 2024. According to the Irish Times, part of the…