THE PROPERTY crash has claimed another victim with the announcement that John Wiley and Sons Tarmacadam Ltd have gone in to liquidation.
Around 15 staff at the long established company based in Portauns, Kilmallock were told the news last Friday.
A creditors meeting takes place in the Kilmurry Lodge Hotel on Friday, September 14 at 11am.
John Wiley and Sons Ltd have been a leading tarmacadam contractor in Limerick and the Mid-West for close to 30 years.
A company spokesperson said it was a genuine case of the business failing due to accumulated bad debts from the building collapse.
“John Wiley and Sons were at the behest of property developers and a number of very large bad debts.John Wiley kept it going for as long as he could and tried his very, very best. There was a combination of the mounting bad debts due to the bad economic times and secondly the rising price of diesel had impacted the price of tar and transport costs were rising,” as spokesperson for the company.
“You had the rising costs on one side and lowering margins on the other side. It is very disappointing it has ended up like this. The business has been going a long, long time,” added the spokesperson.
The Wiley family are very well respected in Kilmallock and all over the county. One local said that everyone in the town was shocked and saddened when the news broke.
“If you wanted a job done right you went to the Wileys. They had a very reputable name that was synonymous with quality and that will always be remembered.
“Fifteen jobs gone like that suddenly is a big loss to the community. It will have a knock one effect on other businesses as well,” said the local.
“They did a lot of work for everybody from house owners to the big builders. The unlicensed cowboys going around can’t have helped the situation either,” added the Kilmallock man.
Local county councillor, Mike Donegan, said it was a sad day for the Wiley family, who are held in very high regard, and the town.
“It is a pity because they were great employers for the last 30 years.
“They always did great quality work and always had the best jobs, not only in Limerick but in Munster,” said Cllr Donegan.