Directors believe O’Hara Foundation is viable

The directors of the Maureen O’Hara foundation believe the company can be kept open in spite of acrimony surrounding the actress’s affairs.

Accounts filed with the Companies Registration Office have detailed its debt position up to the end of 2011 and listed its expenses for that year.

At that stage, it owed €159,000, up from €77,000 a year earlier, but the directors said it has the wherewithal to trade as a going concern.