Joint Receivers Appointed To Xtra-vision

A receiver has been appointed to Xtra-vision today.

The firm currently employs 242 staff and has 42 store in Northern Ireland.

Joint receivers Luke Charleton and Colin Farquharson of Ernst & Young were appointed.

The company has its headquarters in Tallaght, and operates 152 stores in Ireland.

Luke Charelton of Ernst & Young said: "We are advised that the majority of stores are profitable and collectively will be attractive to potential purchasers.

"We will work closely with management to assess the viability of each of the company’s stores."
News Image
SF Fermanagh MLA Phil Flanagan said: "This is a blow to workers across the island. We have the same failing polices being implemented by the Tory parties in London and Dublin. This policy is costing jobs and driving emigration. It is clear that the economies North and South require investment.

"The first step here in the North must be for Stormont to have the power determine its own economic future. It is clear we need investment to grow the domestic economy, meet the challenges of new technology, to build demand, and deliver economic growth and jobs.

"The people best placed to resolve this matter do not reside in Westminster but in communities across the North. I will again raise this matter with the Minister for Economy, Trade and Investment in the North."


Related Northern Ireland News Stories
Click here for the latest headlines.

26 November 2021
Young People Urged To Get Vaccinated This Weekend
Young people are being encouraged to take full advantage of the opportunity to get vaccinated this weekend when Trusts will be running clinics for the 12 to 17 age groups. Chief Medical Officer, Professor Sir Michael McBride was speaking in advance of the roll out of a series of clinics across Northern Ireland on 27 and 28 November.
07 December 2021
Northern Ireland Water Pleads Guilty To Pollution Offence
Northern Ireland Water has been fined £2,000 after pleading guilty to a pollution offence at Rockvale Wastewater Pumping Station. The company was also ordered to pay a £15 Offender Levy for allowing a polluting discharge to enter a waterway from Rockvale.
30 November 2021
Consultation Launches On Future Development Of All Ireland Rail Network
The Department for Infrastructure and Department for Transport are seeking input on the future of rail on the island of Ireland as part of a new all-island Strategic Rail Review. Ministers have announced a new public consultation on the development of a new strategy, seeking views from the public and interested stakeholders.
07 December 2021
Bank of Ireland Launches Digital Banking Video Tutorial Series
The Bank of Ireland (BoI) has announced the launch of a new video tutorial series to make digital banking safer and more accessible for customers young and old.
06 December 2021
Football Has £470m Impact On Northern Ireland
Major new research commissioned by European football's governing body, UEFA, has revealed that football has economic, social and health benefits that add up to £470m in Northern Ireland.