THE HIGH COURT HAS appointed an interim examiner to the movie rental chain Xtravision.

The company had sought court protection from its creditors due to its difficulty in paying its debts, Movies.ie reports.

David Hughss of Ernest and Young was appointed the company’s examiner after an independent accountant’s report found it had a reasonable prospect of survival.

RTÉ reports that the independent review also found that the majority of the company’s 180 stores across Ireland and Northern Ireland are profitable.

The issue will be brought before the court again for a full hearing next month.

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Interim examiner appointed to movie chain Xtravision

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article. Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.