Joint Receivers Appointed To Xtra-vision

A receiver has been appointed to Xtra-vision today.

The firm currently employs 242 staff and has 42 store in Northern Ireland.

Joint receivers Luke Charleton and Colin Farquharson of Ernst & Young were appointed.

The company has its headquarters in Tallaght, and operates 152 stores in Ireland.

Luke Charelton of Ernst & Young said: "We are advised that the majority of stores are profitable and collectively will be attractive to potential purchasers.

"We will work closely with management to assess the viability of each of the company’s stores."

SF Fermanagh MLA Phil Flanagan said: "This is a blow to workers across the island. We have the same failing polices being implemented by the Tory parties in London and Dublin. This policy is costing jobs and driving emigration. It is clear that the economies North and South require investment.

"The first step here in the North must be for Stormont to have the power determine its own economic future. It is clear we need investment to grow the domestic economy, meet the challenges of new technology, to build demand, and deliver economic growth and jobs.

"The people best placed to resolve this matter do not reside in Westminster but in communities across the North. I will again raise this matter with the Minister for Economy, Trade and Investment in the North."

(CD)