Cabriz Finance seeks €8.7m judgment against Paddy McKillen jnr in Commercial Court
Cabriz Finance Ltd, a finance company based in Carrickmacross, Co Monaghan, is seeking judgment of some €8.7 million against businessman Patrick McKillen jnr in the Commercial Court. McKillen provided guarantees and indemnities for four loans to Welltrack Ltd, Yarnway Ltd, Ahlstom Ltd and Dontigo Ltd, entered into between December 2022 and August 2023, which the companies subsequently defaulted on. On 12 May 2025, Mr Justice Mark Sanfey rejected Cabriz Finance's application to enter the case into the fast-track Commercial Court list, noting that the default occurred in December 2023 but the demand for payment was not made until April 2025. The matter must now proceed through the normal High Court list. Workman's Club Ltd, part of the former Press Up hospitality and entertainment group co-founded by McKillen jnr and Matthew Ryan, has had an interim examiner appointed by the High Court.
- Reportednot reported
- Arrestednot reported
- Chargednot reported
- In court12 May
- Verdict
- Sentenced
Key facts
consolidated from all reports- What happened
- Cabriz Finance Ltd is seeking judgment of some €8.7 million against Patrick McKillen jnr for guarantees and indemnities on four loans.
- The four companies are Welltrack Ltd, Yarnway Ltd, Ahlstom Ltd and Dontigo Ltd, which defaulted on loans entered into between December 2022 and August 2023.
- The purpose of the loans was to facilitate the working capital requirements of the companies.
- Where
- Cabriz Finance Ltd is based at Riverside Road, Carrickmacross, Co Monaghan, and McKillen has an address for communication at Ely Place, Dublin.
- When
- The default occurred in December 2023 and the demand for payment was made in April 2025.
- In court
- On 12 May 2025, Mr Justice Mark Sanfey rejected Cabriz Finance's application to enter the case into the fast-track Commercial Court list.
- The judge noted the gap between the December 2023 default and the April 2025 demand, and the matter must now go through the normal High Court list.
- Other details
- Workman's Club Ltd, part of the former Press Up hospitality and entertainment group co-founded by McKillen jnr and Matthew Ryan, has had an interim examiner appointed by the High Court.
12 statements extracted from the articles
- whatCabriz Finance Ltd is seeking judgment of some €8.7 million against Patrick McKillen jnr (irishtimes.com)
- whatMcKillen provided guarantees and indemnities for four loans to four companies (irishtimes.com)
- whatThe four companies are Welltrack Ltd, Yarnway Ltd, Ahlstom Ltd and Dontigo Ltd (irishtimes.com)
- whatThe companies defaulted on the loans and McKillen failed to pay despite a demand (irishtimes.com)
- whatThe purpose of the loans was to facilitate working capital requirements of the companies (irishtimes.com)
- whereCabriz Finance Ltd is based at Riverside Road, Carrickmacross, Co Monaghan (irishtimes.com)
- whereMr McKillen has an address for communication at Ely Place, Dublin (irishtimes.com)
- whenThe loans and guarantees were entered into in December 2022, January 2023 and August 2023 (irishtimes.com)
- courtAn application to enter the case into the fast-track Commercial Court was rejected by Mr Justice Mark Sanfey (irishtimes.com)
- courtThe judge noted a default in December 2023 but the demand for payment was not made until April 2025 (irishtimes.com)
- courtThe matter must now go through the normal High Court list (irishtimes.com)
- otherWorkman's Club Ltd is part of the former Press Up hospitality and entertainment group founded by McKillen jnr and Matthew Ryan (irishtimes.com)
The reporting
newest first- 12 May2025Judgment for €8.7m sought against Paddy McKillen jnr, court hears
Reports that Mr Justice Mark Sanfey rejected Cabriz Finance's application to enter the case into the fast-track Commercial Court list due to lack of expedition, and that the High Court had earlier appointed an interim examiner to Workman's Club Ltd, part of the former Press Up group.
accused, Patrick McKillen jnr, male, named, irish (judged from name)Patrick McKillen jnr