Mulryan shares €342,236 pay pot despite mounting losses

One of Ireland’s best known developers, Sean Mulryan, last year shared a pay pot of €342,236 with one other director in spite of mounting losses at a number of his Irish-based building firms.

New accounts filed by his Ballymore Properties Ireland show that Mulryan shared directors’ remuneration of €289,736 and pension contributions of €52,500 with fellow director Brian Fagan last year.

A number of Mulryan-controlled Ballymore firms have filed accounts to the Companies Office and figures for five of them show their aggregate accumulated losses climbed to €289m in the year to the end of March.