Developer sees net liabilities top €500m

Net liabilities at the property development group of companies owned by Galway developer John Lally have increased by €66m to over €500m.

Developer sees net liabilities top €500m

Figures lodged with the Companies Office show that net liabilities at subsidiaries of Lalco Holdings Ltd have increased from €440m to €506m.

The holding firm has just lodged three sets of accounts for 2011-13 which reveal the increase in the firms’ liabilities.

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