The recent trickle of enforcement action by NAMA continues, with today’s edition of Iris Oifigiuil revealing that NAMA has had receivers appointed to three new companies, two of which are controlled by Galway developer Mike Finn (Michael Finn) and his wife Claire. Mike was the developer behind The House Hotel and Spanish Arch Hotel, both in Galway city.
(1) Rathcollon Investments Limited. On 28th November 2012, NAMA had Edmund Douglas of Douglas Newman Good appointed receiver to certain assets of the company. The company is owned by Michael Finn (50%) and Claire Finn (50%) and the directors are Mike Finn (51) and Claire Finn (49).
(2) Rathrippon Developments Limited to which NAMA again had Edmund Douglas of Douglas Newman Good appointed receiver to certain assets of the company on 28th November 2012. It has the same directors as Rathcollon (above) and is 100% owned by Rathcollon.
(3) MN Developments Limited. On 27th November 2012, NAMA had Ken Fennell of Kavanagh Fennell appointed as receiver to the former St Mary’s GAA grounds at Rosslare, county Wexford. The company is controlled by Hugh Murphy (50%) and PN Holdings (50%). PN Holdings is one of the late Pat Neville’s companies. The directors of the company are listed as Hugh Murphy (54), Ann Roche (44) and Pat Neville (63, but who died earlier this year)