Bovale in talks with Nama

The building firm established by the Bailey brothers remains in discussions with the National Asset Management Agency (Nama) over finalising a business plan.

That is according to an auditor’s report just filed by Bovale Developments with the Companies Office.

Last year, Michael and Tom Bailey resigned as directors of their Irish firm Bovale Developments after they were disqualified for seven years from acting as directors when the High Court found them guilty of “particularly serious” misconduct in the conduct of the affairs of their Irish firm.