Pure Fitout - Administration

Pure Fitout, a Northern Irish fit-out firm based in Newtownabbey, and sister company Halt (NFR), a timber specialist, were purchased out of administration via a pre-pack deal.

The companies, which worked on high-profile projects including the restoration of Dublin’s Stella Theatre and fit-out contracts for all Five Guys restaurants in Ireland, had struggled under “severe financial strain” due to a set of substantial unpaid invoices.

Shortly after the appointment of Peter Allen of Deloitte as administrator, the companies were acquired by Damien Gaffney, the owner of Dublin-based real estate investment firm Tetrarch Capital. More than 100 jobs were saved.

Growth Finance Fund General Partner Limited in its capacity as general partner of Growth Finance Fund LP has a registered charge against both companies.