herald

Sunday 23 September 2018

€11m depot empty as builder goes to the wall

A DUBLIN council has been unable to take over a new €11m depot after the builders went under.

P Elliot was hired by Dun Laoghaire/ Rathdown County Council to construct the state-of-the-art Ballyogan Environmental Services Depot in south Dublin but the company has now gone into receivership.

It is understood a range of subcontractors have not been paid, making it extremely difficult for the council to take the depot in charge.

The local authority confirmed P Elliott were contracted to undertake the construction project.

"While the facility is near completion, the contractor has been unable to finish the job. Arrangements are being made to complete the outstanding works," a spokesman told the Herald.



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P Elliot, one of the country's largest construction companies, entered receivership last month with debts of more than half a billion euro.

Kieran Wallace and Cormac O'Connor of KPMG were appointed as receivers to the company and a related firm, Dewside Limited. Subcontractors are significant creditors, being owed in excess of €20m.

The Ballyogan depot was constructed as a landmark civic building and was designed by renowned international architects Bucholz McEvoy.

It comprises a waste management centre, a vehicle depot and maintenance facility. The three-storey administrative building is to house the council's environmental departments.

"The council has a new depot up in Ballyogan that they can't actually take possession of because the builders Elliot have gone wallop," one local source told the Herald. "There is a lot of quite high-tech equipment in terms of air conditioning, there are blinds on the windows that tilt, all this fancy stuff.

"It's all very high tech. If you went in you'd have all these subcontractors saying we're not going to guarantee this."

The Cavan-based Elliot group laid off most of its staff before Easter.

Last month, subcontracting firm OMC Engineering served a 21-day notice on Elliot seeking the payment of money due to it.

The most recent accounts for Elliott Holdings show that it lost €28m in 2009.

comurphy@herald.ie

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