Home of Sheehan

Rumours abound that the Sheehan family farms at Luddenmore and Carriganattin in Co Limerick, are sale agreed, with a deal close to completion — although the agent, Savills, remains tight-lipped.

The disposal of the two farms, which comprise 204 acres in total, with exactly 102 acres apiece, followed a move by Bank of Scotland on the waste-recycling Mr Binman business owned by the Sheehan family, who also own the two farms. In 2011, KPMG were sent in as receivers to recover some of the €53m of debt owed by Mr Binman and, as a result, the farms were put up for sale.

The most recent development in the saga, which saw the collapse of the Munster-wide business which employed 350 people directly and about 200 sub-contractors externally, was the purchase of the waste business by a Limerick consortium, including Dillon Waste and Recycling managing director, Brian Dillon, for an undisclosed sum.