Quinn firm’s woes continue

Former Ireland international, Niall Quinn’s property investment woes continued last year with accumulated losses at his property firm climbing by €844,000 to €5.3m.

New accounts filed by Quinn’s Manorfield Taverns Ltd show that it sustained the loss after it wrote down the value of its Co Carlow property by €700,000 to €800,000.

Quinn owns a 50% share in the firm with Dublin developer Cosmo Flood, and the retired soccer player is on the hook for a €2m share of the €4.1m personal guarantee provided to AIB on loans.