A DUBLIN-BASED securities trading company, Custom House Capital Online, has called its creditors to a meeting next month to put the firm into liquidation, writes Simon Carswell.
The company, which provided services predominantly to international self-financed traders and backers, has scheduled a meeting of its creditors for Tuesday, September 16th, at Bewley's Hotel in Leopardstown, Dublin.
The firm, of which Dublin-based businessmen Tony Burke and Patrick O'Sullivan are directors, was incorporated in 1998 and offered clients access to trading on a number of derivative and securities exchanges, including Euronext in Paris.
Neither Mr Burke nor Mr O'Sullivan could be reached for comment last night. Their company has no trading connection with the Dublin wealth management company Custom House Capital, although Mr Burke and Mr O'Sullivan sold shares in that firm to two of its current shareholders, Harry Cassidy and John Mulholland, eight years ago.
Neither Mr Burke nor Mr O'Sullivan are directors of Custom House Capital but they are still listed as shareholders, according to the firm's 2007 annual return.
Custom House Capital Online had retained profits of €22,000 at the end of the 12 months to June 30th, 2005, the most recent year for which accounts are available.
The company had €591,000 in cash on its balance sheet at the end of the year, down from €841,000 a year earlier. The firm was dissolved last Friday and a notice calling creditors to the winding-up meeting appeared in a newspaper yesterday.
