NAMA appointed receivers to a slew of companies in the John McCabe group last 31st August 2012 after a personnel supply and recruitment firm, MCR had initiated moves to have the group wound up on foot of relatively modest outstanding invoices. John has since become famous as a NAMA developer after NAMA secured judgments against him and his family in the region of €300m and of course, it was John’s wife, Mary and her 8.38 carat diamond ring which impressed and entertained us earlier this year.
Yesterday’s edition of Iris Oifigiuil reveals that MCR is again getting serious with pursuing its bills with a notice that on 8th April 2013, MCR will petition to have McCabe Builders Limited wound up in Dublin’s High Court. It would seem that MCR is impatient or unhappy with NAMA’s receivership and figures a liquidation will either yield more money or will spur the receivers into action.
No recent news on John McCabe and family, the latest from the courts is that a derisorily small amount has been paid off against the judgments.
UPDATE: 30th April, 2013. A footnote on McCabe Builders, one of the most prominent house building companies during the boom; today’s edition of Iris Oifigiuil notes that the company will now be wound up at the behest of one of its creditors, MCR Personnel.