Property company Mazarone records loss of over €380k

A property company from which developer Bernard McNamara resigned as a director last year recorded a loss of over €380,000 in 2011.

According to accounts just filed with the Companies Office, Mazarone Ltd recorded the loss of €384,618 in the 12 months to the end of May 31 last year. As a result, the company’s accumulated losses widened to €42m.

Mr McNamara resigned in February of last year. The other directors are listed as Mr McNamara’s business partner and hotelier Jerry O’Reilly, David Courtney, and Eamon Shields.