Pretax loss at firm owned by Clerys building owner
Property investor Deidre Foley’s D2 Private reports loss of €775,000 for last year
D2 Private owner Deirdre Foley: her firm’s debts declined from €859,653 to €449,438
Net assets totalled €1,198 million as against €1,973 million in 2013. Debts declined from €859,653 to €449,438.
The company, which employs seven people, paid out €677,397 in payroll costs last year, newly-filed accounts show.
Directors’ remuneration halved from €175,000 to €81,167.
Amounts due to the company by former directors amounted to 296,729, which was carried over from the prior year.
Foley Asset Management, another company owned by D2’s directors, is owed €400,000 but in prior years had provided services amounting to €2.5 million.
The accounts also reveal that an agreement by D2 to acquire a 50 per cent interest in 20 Harcourt Terrace from Ms Foley for €350,000 was completed last year.