Mellon company losses hit €26.3m

LOSSES at a development company owned by entrepreneur Niall Mellon widened to €26.3 million in 2009, new figures show.

Mellon company losses hit €26.3m

Accounts just filed for Knockrabroo Developments Ltd with the Companies Registration Office show that the firm also breached its loan facilities with Anglo Irish Bank during that year.

The figures show that the firm owed the bank €38.4 million and as part of the security for the loan, the bank held a personal guarantee and indemnity from Mr Mellon.

Already a subscriber? Sign in

You have reached your article limit.

Unlimited access. Half the price.

Annual €120 €60

Best value

Monthly €10€5 / month

More in this section

The Business Hub

Newsletter

News and analysis on business, money and jobs from Munster and beyond by our expert team of business writers.

Cookie Policy Privacy Policy Brand Safety FAQ Help Contact Us Terms and Conditions

© Examiner Echo Group Limited