High Court winds up Carbon Revolution on creditor petition from UMB Bank

The High Court has ordered the winding up of Carbon Revolution Public Limited Company and appointed two Grant Thornton partners as joint liquidators, on a petition brought by the creditor UMB Bank, National Association. The order was made on 19 October 2026 under the Companies Act 2014 and is published in Iris Oifigiúil No. 87 of 30 October 2026 under the court reference H.COS.2026.0000286.

The notice records that the application was made in the matter of Carbon Revolution Public Limited Company and in the matter of the Companies Act 2014, and that the petitioner is a creditor of the company. That characterisation is significant: this is a court-ordered winding up on a creditor’s petition, not one of the many members’ voluntary liquidations that fill the same issue of the gazette.

The petitioner is described in the notice as UMB Bank, National Association, with a business address at 1010 Grand Blvd, Kansas City, MO 64106, United States of America, acting through its lawfully appointed attorney, OIC Structured Equity Fund I Range, LLC. The petition was filed and prosecuted in the High Court through Irish solicitors, Matheson LLP of 70 Sir John Rogerson’s Quay, Dublin 2, which signed the notice under reference BC/KG 672599/5.

The terms of the order

The notice sets out the two operative elements of the court’s decision:

• The company Carbon Revolution Public Limited Company be wound up under the provisions of the Companies Act 2014.
• Nicholas O’Dwyer and Colm Dolan, both of Grant Thornton, 13-18 City Quay, Dublin 2, be appointed as Joint Liquidators of the company.

The order is dated 19 October 2026 and was made in the above matter on the petition of the Kansas City-based lender acting through its attorney. Publication in Iris Oifigiúil, the State’s official gazette published by authority, is how the winding-up order was given public notice in the edition of Friday, 30 October 2026.

A creditor-driven liquidation

The distinction between the routes into liquidation appears plainly in the same edition. Most of the company notices published alongside this one record resolutions passed by members or sole shareholders, followed by the appointment of a named insolvency practitioner and a standard note that all admitted creditors have been or will be paid in full. Those are voluntary arrangements initiated from inside the company.

Carbon Revolution’s case sits in a different category. Here the trigger was an external creditor petitioning the High Court, and the appointment was made by court order rather than by resolution of the shareholders. The liquidators named in the notice, Nicholas O’Dwyer and Colm Dolan of Grant Thornton, take office by virtue of that order and not by members’ appointment.

The notice is confined to the fact of the order and the identity of the appointees. It does not state the sum claimed by UMB Bank, National Association, does not set out the grounds on which the petition was grounded, and gives no indication of the company’s balance sheet, its headcount or the number of shareholders affected.

Why it matters

For anyone with a financial stake in Carbon Revolution Public Limited Company, the practical consequence is that the company’s affairs pass into the control of the Joint Liquidators appointed by the High Court. Creditors who have not yet engaged with the process, shareholders whose holdings are now subject to the liquidation, and employees owed entitlements all deal with Grant Thornton at 13-18 City Quay rather than with the company’s own management.

The publication also fixes the public record: the reference H.COS.2026.0000286, the date of the order, 19 October 2026, and the names of the two liquidators are now citable from an official source. That record matters for creditors assembling claims, for counterparties checking the standing of a company they have been trading with, and for any party considering an application to the court in the liquidation.

Source: Iris Oifigiúil, No. 87, 30 October 2026, Section I (official reference: H.COS.2026.0000286).