Gerry Barrett’s assets in G Hotel battle with Deutsche worth €60m
Group includes the landmark G Hotel in Galway as well as cinema, retail and development land assets
An independent expert accountant's report prepared by Joe Walsh on seven companies controlled by Gerry Barrett has admitted that the group had at its peak “secured debts of €698 million with the value of the underlying assets a fraction of this sum”.
In a separate affidavit the group of companies estimate the remaining underlying assets in the group, after selling off a number of key ones, is worth between €55 million and €60...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
EY reports €393m revenues in Republic of Ireland for 2021 financial year
Revenues in the Republic increased 9.5 per cent for the year up to June 2021 to €393 million, up from €359 million in the previous year
Out of Office: National Cyber Security Centre to get additional €2.5 funding and 20 new roles
The business news you might have missed, all in one place
Content is king – just ask Netflix as rivals attempt to steal its crown
A WarnerMedia-Discovery deal puts the spotlight on streaming wars as around 100 platforms vie for the attention of often fickle audiences
Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures