Big one is out tonite at 10
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Leo is so out of touch with the real World he doesn’t even get how much that will grate on the younger voters
Younger voters don’t tend to vote.
Actual manifestos coming out next week, or even this one? Nothing of substance on any of the party sites. I like to have the literature read.
This shows what the also-rans are up against. Outside of the FF + FG candidates here, no one has any profile whatsoever.
The retirement of Michael Noonan was the start of tge end of FG. No wise old heads at the cabinet table and since then its just been pr after pr fuck up.
Willie o’dea was heavy breathing into the mic this morning during a radio debate with Regina Doherty. It was very disturbing.
A Fianna Fáil general election candidate in Waterford, Cllr Eddie Mulligan, was disqualified by the High Court in 2017 from acting as a company director for seven years, because of his management of a family hair salon business.
Mr Mulligan was a director and shareholder of Hype Hair Salon, which owed the Revenue €153,770.72 when it was placed in liquidation in 2014.
The councillor would not say if he had told Fianna Fáil about the disqualification, but a spokesman for the party said it had not been made aware of it.
The spokesman said Mr Mulligan had confirmed he was tax-compliant prior to his selection as a general election candidate in 2018.
“We will be seeking an urgent explanation of the issues raised,” he said.
Details of the hair salon group’s management were cited in the 2017 annual report of the Office of the Director of Corporate Enforcement (ODCE). The report said the business, set up in 2005, was insolvent from when it began trading.
It said the directors – Mr Mulligan and his wife, Dervla – had not co–operated fully with the liquidator, and that the company made payments to other creditors while not in a position to pay its tax debts.
Mr Mulligan said he disputed the liquidator’s view that the business had been insolvent from when it started trading, but did not have the finances to fight the issue in the courts. “There was a lot of things there that I was disputing.”
The councillor was added to the party ticket in November 2018 and will run alongside Mary Bulter TD, who said after the local elections in May that she did not think there were two seats for Fianna Fáil in the constituency.
Mr Mulligan told The Irish Times the financial problems of the salon business were “legacy” issues related to the recession.
Wrong thread. Shift it to the “price of a haircut”
Blueshirt Dan is seething
Yeah. He showed great wisdom and sensitivity in his handling of that whole hepatitis C scandal.
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Or the time the victims of child abuse went to him for help
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FF one is out tomorrow
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Say what you want and all youv said is true but he was the only one of the fg csbinet that was anyway streetwise
Ah yes . A man of great wisdom alright. Badly missed. I was going to say they don’t make them like that anymore but unfortunately FG do.
It gets better.
A hair salon business owned by Waterford-based Fianna Fáil councillor and general election candidate Thomas Edward Mulligan and his wife, Dervla, was insolvent from the first year it began operating, according to the Office of the Director of Corporate Enforcement (ODCE).
The business ended up leaving creditors – including the Revenue – out of pocket when it was placed into liquidation almost a decade later.
The company, Hype Hair Salon Ltd, had tax liabilities of €153,770 when it ceased trading in 2014.
Mr Mulligan and his wife, who were equal owners of the business and the company’s sole directors, are now disqualified from operating as company directors until 2024.
Fillings in the Property Registry show Mr Mulligan is associated with a number of property loans, some of which have been taken over by funds that bought loans from Irish banks.
Hype Hair Salon Ltd was incorporated in June 2005 and recorded losses in its first two years of business. In its third year, which ended on June 30th, 2008, the company showed a profit of €19,945. However, by then it had borrowings of €108,120.
The situation deteriorated the following year, when the business recorded a loss of €42,402. The amount owed to creditors rose to €224,213, from €82,754 a year earlier. The directors were owed some €54,000 by the company by then.
The company booked an operating loss of €75,326 in 2010 and was by then dependent on the banks and its two shareholders. The amount owed to the couple increased to €107,750.
The 2010 accounts noted that the company rented premises from a partnership that included Mr Mulligan, and that the rent paid during the year was €162,898.
Total liabilities by the end of 2011 exceeded the company’s assets by €259,222. However, during that year the company made significant payments to the Mulligans – paying back €76,576 of the €107,750 it owed them.
The accounts also recorded that rent of €119,293 was paid to the property partnership that included Mr Mulligan. Meanwhile, the amount owed to Revenue rose to €188,783.
The debt to the Mulligans was further reduced in 2012 to €12,488. The amount owed to Revenue, meanwhile, rose to €208,779.
By this stage, the Bank of Ireland had a charge over the company as well as a personal guarantee (the accounts do not say from whom) for €116,000.
No further accounts were filed. In December 2014 the company went into voluntary liquidation and creditors, at a meeting in the Marina Hotel, Waterford, appointed George Maloney, of Baker Tilly Ryan Glennon, as liquidator.
His final statement of account, produced in December 2017, shows all that was recovered was €4,008 that was in the company’s bank account at the time he was appointed, which went on the cost of the liquidation. There was nothing for the creditors.
A note about the company (which is not named) in the 2017 annual report of the ODCE states that the salon business left a Revenue debt of €153,770 and had paid “other creditors” while being incapable of paying its tax debt.
“The company continued to trade while insolvent. Based on information from the balance sheet, the company was insolvent from when it began trading.”
The note also states that when the company closed, its business was taken over by a “phoenix company”. No further details are given. Phoenix companies are set up to take over a continuing business in an effort to escape debts accumulated when the business had been run by a different company.
The liquidator, according to the ODCE, “reported that queries to the directors were responded to inadequately”. The Mulligans were the company’s only directors.
The history of the company is cited in the annual report because the Mulligans were two out of a small number of people who were restricted by the High Court during 2017 from operating as company directors.
The order against the Mulligans lasts until 2024 and arises from their stewardship of Hype Hair Salon Ltd.
A website associated with Hype Hair shows that it operated three salons in Waterford, as well as salons in Tramore and Clonmel.
Mr Mulligan was part-owner of properties used by the salon group on Main Street, Tramore; John Street, Waterford; and 1A Johnstown.
Property Registry files show he and his brother, Andrew, and a third owner, took out a mortgage on 40 John Street in Waterford from the Bank of Ireland in 2004.
The three also mortgaged 1A Johnstown with Bank of Ireland in March 2005. Registry Office files indicate the 1A Johnstown property was sold by a receiver in 2017.
In 2005, the three men bought the property on Main Street, Tramore, using a mortgage from Bank of Ireland, and then leased the property to Hype Hair for 20 years.
The Mulligan brothers are also owners of a property on John’s Street, Waterford. A 2009 mortgage from AIB on this property was transferred late last year to Everyday Finance, a company that bought loans from AIB.
Filings in the Property Registry show that in May 2011 a judgment mortgage was obtained in the Circuit Court against Hype Hair and its directors by a company called Showgrounds Management Company Ltd. Showgrounds operates the Clonmel Shopping Centre, where Hype Hair at one stage had an outlet. A request for a comment from the company met with no response.
The judgment was registered against the couple’s family home in Knockboy, Co Waterford, and also against a property on Tramore Road, Waterford, which was bought by the Mulligans in 2006.
A separate charge was registered in April 2010 against the Knockboy property by the St Dominic Credit Union, of Summerhill, Waterford.
The Knockboy property was purchased in December 2006 with the assistance of a €265,000 mortgage from Irish Nationwide. A second mortgage from Irish Nationwide was registered three years later.
These two loans are now held by Pepper Finance Corporation (Ireland), which has an interest in loans formerly owned by Irish Nationwide. Pepper is seeking a possession order for the candidate’s Knockboy home, and the matter is before the courts.
If we are to rule out candidates because they bankrupted a business we’ll be struggling for numbers
I would love it, love it, if this back fires and took away Collins votes and ROD another chunk and Collins got fucked over.
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On the plus side we would be spared the hardship of having to listen to Regina Doherty scuttering out of her