I always think it is amazing, when you read about companies going into liquidation, how much they always owe the Revenue Commissioners. Take the case of a certain restaurant gone into examinership who owed revenue the guts of 500k. How does it build up to such an amount?
The wine business is pretty closely monitored by the Revenue Commissioners as it has to be, given the amounts involved and, from our perspective, it is hard to see how a business can rack up so much Revenue debt without alarm bells going off.
Is it too optimistic to think the worst is behind us or is there more carnage to come...?