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Clerys operating company wound up
06 Jul 2015 17:05
The operating company for Clerys Department Store, which closed its doors last month, has been wound up.
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The High Court this morning confirmed the appointment of joint liquidators to OCS Operations Limited and ordered the winding-up of the company after hearing there was no opposition to the application.
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The court was told the liquidators now plan to carry out an investigation into the conduct of former directors of the company in the 12 months prior to the appointment of provisional liquidators last month.
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They have also been ordered to provide the liquidators with a statement of affairs.
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In a report presented to the court, the joint provisional liquidators said concerns had been raised by creditors and concession holders at the store about the conduct of the former directors, the operation of bank accounts and other issues, which will now be fully investigated.
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