It comes as a surprise to some that there is still economic life in the colourful Johnny Ronan, the co-founder of Treasury Holdings which failed spectacularly last year after NAMA and KBC moved against it; Johnny currently has at least two high profile legal cases on the go in the High Court – as co-owner of Tanat Limited, Johnny is currently pursuing Dublin City Council over a rental agreement at Kingram House off Fitzwilliam Square, and separately as owner of Ickendel Limited, he is pursuing Bewley’s over their rental agreement at their outlet on Grafton Street. Despite his difficulties with NAMA last year, Johnny is said to be still cooperating with the Agency on his personal loans. Those familiar with Johnny’s story will know that his origins are in Tipperary where his dad was a pig farmer in Carrick-on-Suir, but it seems he is a member of a large family of entrepreneurs.
We previously saw in the Vita Cortex dispute that Jack Ronan, understood to be a cousin of Johnny’s, also had loans transferred to NAMA and indeed, NAMA was blamed by Vita Cortex management at the time for the failure of the company, which memorably saw a sit-in for 161 days after workers held out for what they claim was a promised-redundancy deal. Jack has a range of business interests including Orchardstown stud, a pre-school business called KangaKare, supermarkets through the La Plange group and a pig biotechnology business PIC Ireland Limited,
Today, we learn via Iris Oifigiuil that more Tipperary companies in the Ronan dynasty have failed. Liquidators have been appointed to Moville Investments Limited, Rocklow Holdings Limited and John Ronan and Sons Limited. The directors and owners of all three are Paul Ronan (57) and Thomas Ronan (50) who are understood to be second cousins of the colourful Johnny. At a meeting on 18th January 2013, Michael White of Courhouse Chambers in Cork was appointed liquidator to all three companies.