Bathroom products maker Qualceram Shires has requested a suspension of its shares on the Dublin and London stock exchanges.
The company made the request after it became obvious that discussions with its bankers and landlord were unlikely to end with agreement.
The company is suffering because of the slowdown in the property markets in Ireland and the UK and the difficult trading conditions created as a result.
In a statement released this morning, Qualceram said the suspension cames into immediate effect 'pending clarification of the company's financial position'.
It said a further announcement will be made 'as soon as appropriate'.
In a trading statement issued last month, Qualceram said conditions had worsened with turnover in the November to January period some 35% behind the corresponding three-month period in 2007-2008.
