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Optimism in Creeslough as key premises put up for lease

written by Stephen Maguire January 26, 2017
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Two of the former Lafferty premises in Creeslough that were put into liquidation in 2013 have been offered for lease in the past week.

A spokesman for David Reynolds, Auctioneers of Sligo whose firm was appointed to sell the Creeslough premises said that while ‘For Leasing’ signs had been posted on the Corncutter’s Rest and Lafferty’s Supermarket, the sale had not ‘been technically completed so far’.

However the firm acknowledged that negotiations with a purchaser were nearing completion.

The Lafferty business premises were put into liquidation and advertised for sale by RSM accountants and tax advisory service in Dublin in 2013.

The Lafferty company first sought court protection from it’s creditors four years ago and a huge crowd attended a meeting in support of keeping as many as thirty people employed in the premises.

The shutters finally came down on the Lafferty premises on June 11th 2013 after the High Court appointed Helen Dwyer as liquidator replacing the Letterkenny firm of Farren and Roarty.

An hour later a security firm arrived into Creeslough in strength to give effect to the court order of Mr. Justice Peter Kelly.

Less than two weeks earlier the Lafferty premises were put into liquidation and wound up.

A spokesman for the selling agents, David Reynolds told the Tirconaill Tribune this week that while the sale was ‘not technically completed’ he accepted that negotiations were at a very advanced stage.

Mr. Reynolds declined to name the local man involved.

However the local community say the purchaser is resident in Australia and the two premises have been put up for leasing.

Mr. Justice Peter Kelly had appointed Seamus Farren as liquidator to Lafferty’s Creeslough Ltd in March but only on a provisional basis until June 11th. Later the Dublin based firm of RSM took over and were put in charge of the winding up process in June.

The local community had rallied around the Lafferty family in a “Save our Village” campaign and at a previous hearing. Mr. Justice Kelly noted this support in deciding to More than 1,000 people gathered in the Massinass Hall on the night of March 4th 2013 in a new initiative to ‘Save our Village’ after Danny Lafferty sought the protection of the courts from creditors.

For a generation the Lafferty name was deeply embedded in the business life of Creeslough and the parish of Doe. The loss of these business premises have had a devastating impact on life in the village.

But there is renewed optimism in Creeslough this week that the Corncutters and the Supermarket could well be given a new lease of life.

Optimism in Creeslough as key premises put up for lease was last modified: January 25th, 2017 by Stephen Maguire
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CORNCUTTERS RESTCreesloughdonegalfor leasepremises
Stephen Maguire

Stephen Maguire is the co-founder of Donegal Daily. He has worked as a reporter for almost 30 years starting locally with the Donegal Peoples Press before moving to the Mirror Group. He continues to contribute daily to national media outlets including the Irish Times, RTE, the Irish Independent, Irish Sun, Irish Mirror, Irish Star, the Daily Mail and the Examiner.

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