BMW dealer Keane re-registers firm as unlimited

BMW dealer Frank Keane has re-registered his firm as an unlimited company, meaning it does not have to file detailed accounts.

21st October, 2006

Frank Keane (Holdings), which had sales of €117 million in 2004, is the latest in a series of large privately-owned companies to go unlimited. It is owned by Keane, who sold the franchise to distribute BMW cars back to the German manufacturer in 2003.

Keane received €7million in compensation for the distribution rights. The decision to go unlimited means that Keane will be personally liable if the firm gets into financial difficulties. Frank Keane (Holdings) made a...

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