Creditors yet to see funds after Carey firms collapse

Trade creditors from collapsed firms associated with hurling great DJ Carey have yet to see any monies from the liquidation of the companies.

In February of last year, DJ Carey’s contract-cleaning business DJ Carey Enterprises Ltd along with his Alton Ltd and Dublin Janitorial Centre Ltd were all placed in liquidation with combined debts of €1.7 million.

Noel Murphy was named as liquidator to the three firms where the five-times All-Ireland winner with Kilkenny served as a director with his former partner and former panellist on RTÉ’s Dragons’ Den, Sarah Newman.

Now, in documents recording Mr Murphy’s dealing relating to the companies’ liquidation for the first year, they show that most of the money received by the firms has been spent on liquidation and legal fees with trade creditors yet to receive any money.

The returns to the Companies Office show that €164,143 has been realised by Mr Murphy through payments received from debtors and selling off of assets. More than €107,000 has been spent on liquidation and legal fees and VAT payments.