Major dairy- and beef-finishing firm has €351,000 debt to Cork Cooperative Marts Ltd
The PSRA, established to regulate sectors including the auctioning of livestock at marts, has repeatedly raised alarms about the credit practices in the industry. Stock photo: Brian Farrell
The news that Nicholas Galvin Ltd, a major dairy and beef finishing firm based in Kilmacthomas, Co Waterford, entered provisional liquidation in November sent ripples through the cattle sector.
While a High Court decision quickly secured the welfare of the company’s herd of more than 200 cattle at the time, the real shock lies in the €351,000 debt acknowledged by the firm to Cork Cooperative Marts Ltd.