Modern Timber Homes was an Irish business established in 2004 by Shaun McColgan. It built timber frame homes, roof trusses and door systems from a 30,000-square-foot (2,800 m2) premises, where it employed twenty people.
The business was located at Crossan Business Park Bonagee in Letterkenny County Donegal.
Funded partly by the enterprise board, the business was highly successful, employing several natives and providing much needed local income.
In 2006, the company won the main award at the National Enterprise Awards ceremony for its focus on ecologically-friendly homes. However this joy was short lived as in June 2008 the award-winning Donegal timber frame manufacturer sought protection from its creditors after running into financial difficulties. Modern Timber Homes petitioned the High Court to appoint an examiner, in an effort to rescue the cash-strapped business. The company has liabilities of €1.5 million and was not in a position to meet its debts.
On Tuesday 4 November 2008, the company's goods were auctioned in an effort to raise money to solve debts.
The company has since gone into liquidation.
Famous quotes containing the words modern, timber and/or homes:
“Families have always been in flux and often in crisis; they have never lived up to nostalgic notions about “the way things used to be.” But that doesn’t mean the malaise and anxiety people feel about modern families are delusions, that everything would be fine if we would only realize that the past was not all it’s cracked up to be. . . . Even if things were not always right in families of the past, it seems clear that some things have newly gone wrong.”
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“The primitive wood is always and everywhere damp and mossy, so that I traveled constantly with the impression that I was in a swamp; and only when it was remarked that this or that tract, judging from the quality of the timber on it, would make a profitable clearing, was I reminded, that if the sun were let in it would make a dry field, like the few I had seen, at once.”
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