Former owners of DID Electrical took out €11m dividend before sale to Select

The Houlihan family sold the 23 outlets to Select in December 2023

The Select group formerly operated the Compu b brand.

The former owners of DID Electrical, the Houlihan family paid themselves a €11m dividend in specie before the sale of the business to tech retail group, Select in 2023.

That is according to new accounts for DID Electrical Appliances Ltd which show that the €11m dividend in specie payout was made up of freehold premises assets and post acquisition, the company paid out a cash dividend of €1.5m to its new owners.