The directors of North Dublin Publications Ltd, which publishes titles including Northside People and Southside People, have closed its business and are seeking to appoint a liquidator.

In a statement, the company said that the 17 staff at both publications was informed of the decision yesterday.

The company says that the closure of the business was forced due to a collapse in revenues as a result of the Covid-19 restrictions.

In a statement, directors of the company says there have been no revenues "since publishing was suspended on March 20 as the Covid-related crisis began to impact on business and this has forced the company into liquidation.  

"The Company had introduced several cost-reduction programmes before the current crisis as it struggled to combat the accelerated migration of advertising from print to online."

In a statement to its staff, the directors said that Northside People and Southside People served local communities for over 30 years and they were forced into its decision "with deep regret". 

A meeting of creditors is taking place on 19 May, where a liquidator will be formally appointed.