USIT acquired 100% of the issued share capital of USIT NI Limited, a company incorporated within the North, as part of an internal restructuring, according to the accounts.

FORMER USIT director Gordon Colleary told the High Court yesterday that at the time of the group's collapse, it had an annual turnover of in excess of half a billion euro.

Usit, the student and youth travel group which came under new ownership in June 2002, ... The investors put in €510,000 by way of share capital and €1.99 million in the form of loan notes.

USIT Ireland Ltd has been turned around, producing a small profit for the first full financial year since it came out of examinership. Accounts for the year to October 31st, 2003, just signed ...