The money raised from the Shane Filan charity single When I Grow Up is now at risk due to the closure of Xtra-vision.
The single had been released by the Association of Irish Musical Societies in aid of the Children's Medical and Research Foundation in Crumlin and the Royal Belfast Hospital for Sick Children, but now the funds which have been raised thus far are in risk due to the liquidation of the company.
HMV/Xtra-vision distributed approximately 18,000 CDS at €2.99 each for the charity fundraiser, coming to a potential total of €54,000.
News broke yesterday that the High Court appointed a provisional liquidator after hearing that Xtra-vision is insolvent and unable to pay its debts.
Stephen Macken, the producer of the charity single, expressed his concern over the charity single funds to RTÉ TEN, saying: "I'm really devastated to hear the news that the employees of Xtra-Vision are facing into an uncertain future. I'm also extremely concerned about the status of the funds raised on behalf of the CMRF and the Royal from the sale of When I Grow Up.
"The CD was distributed on behalf of the Association of Irish Musical Societies by HMV/Xtravision and no margin was taken by the company for the distribution as they were merely collecting the funds for us. I am worried because of the statement made to the High Court today that the company was insolvent and unable to pay their debts, but hopeful that the liquidator will recognise that the money accrued from the sale of the CDs does not belong to HMV/Xtravision."
The song from Matilda, which was recorded in Dublin's Bord Gáis Energy Theatre at the end of October 2015, was produced by Macken, the man behind the biggest-selling Irish charity single ever - 2012's Tiny Dancer by A Song for Lily-Mae.
