Company providing accommodation for asylum seekers loses €8.9m

A PROPERTY development firm controlled by one of the largest providers of accommodation to asylum seekers in Ireland recorded pre-tax losses of €8.9 million in 2009.

Company providing accommodation for asylum seekers loses €8.9m
Tue, 22 Feb, 2011 - 00:00
Gordon Deegan

Accounts lodged by Mid Town Property Development Ltd to the Companies Office, show the firm had losses of €8.99m in the 18 months to the end of December 2009 following pre-tax losses of €1.1m in the 12 months to the end of June 2008.

The company’s accumulated losses at the end of December were €10.1m.

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