Profit & Loss

Profit & Loss: Blue Insurance founder sees big returns, business sours at Póg café chain

Revealing who is up and who is down as we go inside the world of private Irish businesses

Barry J Whyte
September 19, 2023

Ciaran Mulligan’s investment return

CMul Investments, a company controlled by Ciaran Mulligan, the founder and former managing director of Blue Insurance, had retained earnings of €55.1 million in 2022, up from €54.8 million the year before.

The company had a profit for the year of €314,811, down from the previous year’s profit of €1.4 million.

The company was sitting on €5.1 million in cash, it had €47.9 million owed by debtors (mostly related companies), ...