O’Flynn property company sees €122m loss

A property firm controlled by the Cork developer, Michael O’Flynn, last year incurred losses of £99.69m (€122m).

New accounts, filed in error, by Mr O’Flynn’s unlimited Tiger Developments show that the firm incurred the £99.6m loss after impairments on assets and inter-company loans.

The figures show that the five people employed directly by the firm received an aggregate £519,944 in salaries or on average over £100,000 each.