The UK fashion outlet, which first opened here in 2003, employs 347 staff nationwide and is winding down its Irish operations following years of sustained losses.

The Dublin-based company, which provided uPVC windows and doors and aluclad windows in new builds and home renovations, closed earlier this month saying it was unable to pay its debts

The appointments were made in respect of GNC Well Ireland Unlimited Company, and the related THSD Unlimited Company

The High Court has appointed joint provisional liquidators to a financial firm that issues prepaid cards allowing customers to buy goods and services throughout the European Union

Climote Limited employs 20 people

The court was told the application was being made following a recent decree, purportedly issued by Russian Federation president Vladimir Putin, that the Russian state would cover US$1.3BN of the two firms' debts

The court previously heard investors in the businesses, which owe their respective creditors over €13 million, had concerns about the firms going into examinership

Counsel for the company Garvan Corkery SC told the court that the application was being made as all outstanding business of the administration had been completed

Quinn Insurance Ltd was put into administration in 2010 and 23 reports have been presented to the High Court over the years by joint administrators