Although not associated with NAMA, developer Philip Marley is understood to have a €10m property loan from the Irish Bank Resolution Corporation – or “IBRC” which houses what is left of Anglo and Irish Nationwide. Today however, it is not a bank but a firm of accountants that is revealed to have lodged a petition with the High Court on 7th January 2013 to have the Ely Property Group Limited wound up. The notice in today’s edition of Iris Oifigiuil says Copsey Murray Chartered Accountants of Charter House, 5 Pembroke Row, Dublin 2 is a creditor of Ely.
The directors of Ely Property Group Limited are, according to company information website duedil.com, Philip Marley (41), Duane Clark (42), Julia Ind (64). The sole shareholder of the company is showing as Newcourt Group PLC – James Sykes’s and Tim O’Neill’s outsourcing and business support services company that has been in receivership since 2009.
Last July 2012, the Sunday Independent reported that Philip, “the former head of Ely Properties”, a provider of student accommodation was producing a US TV show with partner and US reality TV personality Dana Wilkey.
In December 2012, there was a report of ructions when Philip billed his former UK company, Space Student Living Limited which provides student accommodation in the UK, and the bills for tanning expenses were disputed by his co-investor in the firm, Maven Capital Partners.
UPDATE: 16th January 2013. Tom Lyons in last weekend’s Sunday Independent covers this story in some detail and has obtained comment from Philip including “If anyone wants to bankrupt me, go ahead” The Daily Mail last November 2012 took a look at the social life of the couple, Philip and US reality TV personality Dana Wilkey
Philip Marley, and his like, epitomise everything that is wrong with this country.
P.S. I think it’s €12m that IBRC are looking for.