5th August 2011
High Court appoints provisional joint liquidators to Home Payments Ltd
Eamonn Richardson of KPMG and Eamonn Leahy of Leahy & Co have today, (Friday 5 August, 2011) been appointed by the High Court as joint provisional liquidators to Home Payments Limited, the household and family financial management company, which ceased trading on Wednesday 4 August.
The liquidators have taken immediate control of the company to secure all assets, records and bank accounts. Customers will be individually contacted by the liquidators over the coming days who will assess and reconcile any funds owed to them by Home Payments Limited.
Established in 1963, Home Payments Ltd was a family run business based in Rathmines, Dublin 6. The company employs 16 people and has approximately 2,300 customers throughout Ireland.
The joint provisional liquidators have established a dedicated customer helpline to deal with all queries following today’s developments. The helpline will be open from 8.30hrs to 18.00hrs Monday to Friday and will open on Monday morning. The helpline number is 01 497 5795. Alternatively customers can make contact by email at homepayments@leahy.ie .
4th August 2011
To all our Customers, Staff and Friends.
Firstly we apologise for the lack of information that we have been able to provide today. It is not how we would wish to communicate but under the circumstances we are completely restricted in the information that we can give.
Given the nature of the service that we have provided to so many families over the last 48 years we sincerely apologise for the stress caused to those very same families.
There are a couple of points that we can clarify.
The decision to have to cease operating late Tuesday afternoon was unexpected. Once the decision was taken, all methods of receiving payments from our customers into our accounts were immediately stopped by ourselves including Direct Debits, Debit Cards and Cheques received that day which were not lodged. All collection staff were immediately instructed not to collect any money from customers. No Direct Debits have been processed since Tuesday.
We assure you that we are doing everything possible to ensure the best possible outcome for our customers as quickly as possible.
Eamonn O’Connor
Conor O’Connor
Niamh Ryan
3rd August 2011
It is with regret that the Directors of Home Payments Limited, Rathmines, Dublin 6 have to announce that Home Payments Limited will cease operating with immediate effect.
The Directors have also been advised that this course of action is in the best interests of all their customers and creditors.
The Company is acting to protect its customers and to secure customers deposits.
Home Payments Ltd made investments in the property sector. The decline in values in this sector has had a significant negative impact on the value othse investments. The Company has been in discussions with its lenders to restructure its repayments.
In the best interest of our Customers we have had no option but to take the actions as outlined above.
The company is in discussions with its Lenders and is taking legal advice in relation to this matter.
Further updates will be provided on our website at www.homepayments.ie