Friday May 29, 2020

Building firm hopeful of Nama backing for business plans

McCabe Builders, one of the country’s biggest building firms, has said it is confident the National Asset Management Agency (Nama) will support its business plans, despite the firm losing almost €90 million in two years.

7th May, 2011

McCabe Builders, one of the country’s biggest building firms, has said it is confident the National Asset Management Agency (Nama) will support its business plans, despite the firm losing almost €90 million in two years.

After a €60 million writedown on its work-in-progress and investments, the firm made a loss of €73.5 million in the 12 months to the end of August 2009, according to new figures. In the previous financial year, McCabe...

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