BIPEP went into liquidation in July, leaving 700 investors nursing losses.
New papers filed with the Companies Office show that Ultan McCarthy of McCarthy & Co in Dublin has been appointed liquidator of the separate firm Brendan Investments Property Management Ltd (BEPM), a related business with separate owners that was established to manage the funds raised in 2007. The directors of BEPM, Hugh O’Neill and Vincent Regan, were also the directors of BIPEP.
Mr McCarthy was named liquidator of BEPM on October 25, following a meeting of creditors at the Carrigaline Court Hotel, Main Street, Carrigaline, Co Cork.
The most recently filed accounts for BEPM are for the 12 months to August 31, 2016, and show it had investments valued …
Read the full article at: https://www.independent.ie/business/irish/second-brendan-investments-company-goes-into-liquidation-36285380.html
