Companies Registration Office
Week of 2026-W03
Irish Corporate Affairs Weekly
CRO Company & Business Formations, Financial Filings & Director Networks — Week of 15–21 January 2026
Source: CRO | Period: 2026-01-15 to 2026-01-21
517 New Companies, $1.8bn in Global Revenue, and a Limerick Developer Who Registered Ten Firms in a Week
The first full working week of 2026 delivered a surge of corporate activity at the CRO — 517 new companies registered, 3,366 financial statements filed, and a filing landscape dominated by a single headline: Mark Anthony Brands International Unlimited Company, the Irish-registered vehicle of the White Claw empire, disclosed $1.8 billion in global revenue and $140 million in profit for the year to March 2025. Meanwhile, a Limerick property developer quietly registered more than ten investment companies in a single week — all at the same Charlotte Quay address — and an interior fit-out group that grew revenue 5% swung to a €913,000 loss, a warning signal buried in a week of otherwise bullish formation data.
By the Numbers
| Metric | Value | Signal |
|---|---|---|
| New companies registered | 517 | Active |
| New business names registered | 331 | Active |
| Financial reports filed (week) | 3,366 | Normal |
| Consolidated financial statements | 15 | Detailed |
| Largest revenue filed (Mark Anthony Brands) | $1.8bn | Global |
| Largest loss filed (Walls to Workstations) | €913k | Stress |
| Property transactions (week) | 546 | Steady |
| Average property price | €401,152 | Elevated |
Over the past seven days, the CRO registered 517 new companies — a figure that, on its own, tells you little. The story is in the composition: a Canadian billionaire's Irish vehicle filing $1.8 billion in revenue, a Limerick developer building a ten-company SPV network in a single week, a Tralee artificial grass company with a GAA legend on the board growing 15% year-on-year, and a Dublin fit-out group whose revenue growth masked a swing to loss. The formation data is a leading indicator of economic activity; the financial filings are the reckoning.
Notable Company Formations This Week
| Company | Sector (NACE) | Capital | Location | Signal |
|---|---|---|---|---|
| Mark Anthony Brands International Unlimited Co. | Distribution / RTD Beverages | — | Dublin 2 | $1.8bn Revenue |
| Tievenanass Investments Limited | Buying & Selling Real Estate (6810) | €1m | Charlotte Quay, Limerick | SPV Network |
| Waddingtown Investments Limited | Business Support Services (8299) | €1m | Charlotte Quay, Limerick | SPV Network |
| Rathcoran Investments Limited | Management Consultancy (7022) | €1m | Charlotte Quay, Limerick | SPV Network |
| Galco BidCo Limited | Holding Companies (6420) | €1 | Walkinstown, Dublin 12 | Acquisition Vehicle |
| ST Andrews Ireland Language Services Limited | Other Accommodation (5590) | €1m | Griffith Avenue, Dublin 9 | High Capital |
| Niblock Poultry Limited | Raising of Poultry (0147) | €1m | Newbliss, Monaghan | Agri |
| Kestronics Europe Limited | Computer Consultancy (6202) | €1m | Cork | Tech |
| Bronte PropCo 1 S.a r.l | External Company | — | Abbey Street, Dublin | Foreign Entity |
| Marex SA | External Company | — | Sandyford, Dublin 18 | Foreign Entity |
Sector Breakdown: Top NACE Codes This Week
Management consultancy and holding companies dominated formations, consistent with a January surge in investment structuring. Construction and engineering also featured strongly, reflecting continued activity in the built environment.
Financial Performance: Most Notable Filings This Week
Of the 3,366 reports filed this week, 15 were consolidated financial statements — the most detailed disclosure format, typically filed by groups with subsidiaries. The five most notable by revenue are ranked below. The range from $1.8 billion to €303,000 illustrates the breadth of Irish corporate activity: a global RTD beverage empire sits alongside a Cork nursing home and a Dublin property SPV, all filing through the same CRO system.
| Company | Revenue | Profit/(Loss) | Total Assets | Employees | Auditor |
|---|---|---|---|---|---|
| Mark Anthony Brands International View | $1,801m | $140m | $654m | Not disclosed | KPMG |
| Walls to Workstations Holdings View | €19.7m | (€913k) | €10.3m | 48 | BDO |
| PST Sport Group View | €13.4m | €159k | €4.8m | 27 | CSG Professional Services |
| B & D Healthcare Holding View | €4.4m | €437k | €7.7m | 72 | O'Donovan Keyes & Barrett |
| Excise Property Limited View | €304k | €29k | €3.7m | None | Moore Ireland |
The CRO data tells you who registered and what they filed. The connections tell you why it matters. This week, the formation data intersects with global brand strategy, Irish tech regulation, and the quiet mechanics of property empire-building. Three themes emerge: Ireland's enduring role as a profit-routing hub for global consumer brands; the accelerating corporatisation of Irish property investment; and the growing tension between tech platforms and Irish regulators. None of these stories are visible from the formation data alone.
The Radar: Three Signals Worth Watching
Two companies this week warrant deeper investigation. The first is Mark Anthony Brands International Unlimited Company — the Irish-registered vehicle of the White Claw empire, which filed $1.8 billion in revenue and disclosed a $24 million write-off of its Glendalough Irish Whiskey subsidiary. The second is Walls to Workstations Holdings Limited — a Dublin interior fit-out group whose revenue growth masked a swing to loss that reveals structural pressures in the Irish construction supply chain.
Mark Anthony Brands International — The White Claw Empire Files in Dublin
Mark Anthony Brands International Unlimited Company is the Irish-registered distribution and R&D hub of the Mark Anthony Group, the Canadian company behind White Claw Hard Seltzer, Mike's Hard Lemonade, and the Glendalough Irish Whiskey brand. Founded by Anthony Mark Von Mandl (born 10 March 1950, Canadian), the company is registered at One Charlemont Square, Dublin 2, and is audited by KPMG. It is an unlimited company — meaning it is not required to file accounts publicly in the normal way, but does so as part of its Irish CRO obligations.
| Metric | FY2025 (Mar) | FY2024 (Mar) | Change |
|---|---|---|---|
| Turnover | $1,801m | $1,699m | +6.0% |
| Gross Profit | $320m | $289m | +10.7% |
| Gross Margin | 17.8% | 17.0% | +0.8pp |
| Operating Profit | $193m | $198m | −2.7% |
| Profit After Tax | $140m | $176m | −20.5% |
| Total Assets | $654m | $420m | +55.7% |
| Net Assets | $414m | $274m | +51.1% |
| R&D Costs Expensed | $13.2m | $12.7m | +3.9% |
The question for FY2026 accounts: with Pillar Two global minimum tax rules now in effect, how will the effective tax rate on $140 million in profit change, and will the Irish structure remain the preferred vehicle for the group's European and global distribution?
Walls to Workstations Holdings — Revenue Growth, Margin Collapse
Walls to Workstations Holdings Limited is a Dublin-based interior fit-out group operating in the office, healthcare, hospitality, and residential construction sectors. Registered at Casement House, Baldonnell Business Park, Dublin 22, it is owned and managed by directors Michael Clarke and Gerry Whelan, each holding 100 shares. The group includes two subsidiaries: Walls to Workstations Limited (100% owned) and Grey Fox Design Limited (66% owned, office furniture design).
| Metric | FY2024 | FY2023 | Change |
|---|---|---|---|
| Turnover | €19.7m | €18.7m | +5.3% |
| Gross Profit | €4.2m | €5.0m | −15.5% |
| Gross Margin | 21.3% | 26.6% | −5.3pp |
| Admin Expenses | €5.0m | €4.8m | +4.2% |
| Operating Loss | (€815k) | €135k | Swing |
| Loss After Tax | (€913k) | €61k | Swing |
| Trade Debtors | €6.2m | €4.0m | +54.7% |
| Cash at Bank | €1.6m | €1.4m | +18.7% |
The question for 2025 accounts: has the company recovered its gross margin, or has the cost-of-sales pressure become structural? Watch for the next annual return filing, expected by September 2026.
Key People This Period
| Name | Role | Notable Activity | Connections |
|---|---|---|---|
| Eugene Hayes | Director | Registered 10+ investment companies at Charlotte Quay, Limerick in one week | Tievenanass Investments, Waddingtown Investments, Rathcoran Investments |
| Anthony Von Mandl | Director | Canadian founder of White Claw empire; $1.8bn revenue filed through Irish entity | Mark Anthony Brands International |
| Kieran Donaghy | Director | Kerry GAA All-Ireland winner; director of growing artificial grass group | PST Sport Group Limited |
| Michael Clarke | Director & Secretary | Led fit-out group through revenue growth but €913k loss; drew €516k emoluments | Walls to Workstations Holdings |
| Patrick Doyle | Director | Director of Fortress Investment Group's Irish property vehicle | Excise Property Limited |
| Conor Mac Gowan | Director | Director of €1m capital language services company at Griffith Avenue, Dublin 9 | ST Andrews Ireland Language Services |
One to Watch: PST Sport Group Limited
PST Sport Group Limited
| Metric | FY2024 | FY2023 |
|---|---|---|
| Revenue | €13.4m | €11.6m |
| Gross Profit | €2.5m | €2.1m |
| Profit After Tax | €159k | €99k |
| Total Assets | €4.8m | €3.8m |
| Cash | €718k | €146k |
| Employees | 27 | 27 |
What they do: PST Sport Group designs and installs artificial grass surfaces across Ireland and the UK for schools, GAA clubs, sporting organisations, and domestic homeowners. The group operates through three subsidiaries: PST Sport Limited (Ireland), PST Sport UK Limited (Newry), and PST Lawns Limited (domestic market).
Why it matters: Revenue grew 15.4% to €13.4 million in 2024 — the second consecutive year of double-digit growth. The company is Enterprise Ireland-backed (a €150,000 loan remains on the balance sheet) and has successfully expanded into the UK market. The presence of Kieran Donaghy — one of Kerry's most celebrated GAA players — as a director and shareholder gives the company profile in the GAA community, which is a significant customer base for artificial pitch installations. Cash jumped from €146k to €718k, suggesting improving working capital management.
The number that matters: €537,881 in deferred income at year-end — a new line item not present in 2023. This represents contracts signed and deposits received for work not yet completed, a strong signal of forward order book growth. Watch for a funding round or strategic partnership announcement in 2026 as the company scales its UK operations.
The Irish Courts
The High Court delivered ten judgments in the week of 15–21 January 2026. Two are directly relevant to the business community: a landmark Online Safety Code challenge that will now proceed to the Court of Appeal, and a Criminal Assets Bureau seizure of a Cork property linked to organised crime and romance fraud. The week also saw continued mortgage enforcement activity, a reminder that the legacy of the property crash continues to work its way through the courts system.
| Citation | Parties | Subject | Why It Matters |
|---|---|---|---|
| [2026] IEHC 28 | X Internet Unlimited Company v Coimisiún na Meán | Online Safety Code challenge | Twitter/X's challenge to Ireland's Online Safety Code certified for Court of Appeal — six questions of EU law referred. Outcome will shape how all platforms operating through Irish entities must moderate content. |
| [2026] IEHC 20 | Criminal Assets Bureau v Humphreys | Proceeds of crime — Cork property | High Court orders seizure of property at Youghal, Co. Cork. Evidence included romance fraud against an Irish victim and Australian criminal connections. CAB continues to pursue assets linked to organised crime networks. |
| [2026] IEHC 17 | Start Mortgages DAC v Healy | Mortgage enforcement | Ongoing mortgage enforcement proceedings. Start Mortgages DAC is a non-bank lender holding legacy mortgage books. Cases like this reflect the continued resolution of pre-2008 lending. |
| [2026] IEHC 15 | Neiser v Leinster Senior College Limited | Employment/education dispute | Employment dispute involving a private educational institution. Relevant to the growing private education sector, where several new companies registered this week. |
Property Markets & Plans
The Irish residential property market recorded 546 transactions in the week of 15–21 January 2026, with an average price of €401,152 and a median of €360,493. The top end of the market remained active: a Monkstown Road property sold for €2.695 million, and three further transactions exceeded €1 million. The week's data is consistent with a market where supply constraints continue to support elevated prices, particularly in south Dublin coastal locations.
| Address | Price | Date | Signal |
|---|---|---|---|
| 74 Monkstown Road, Monkstown, Co Dublin | €2,695,000 | 19 Jan 2026 | Premium |
| 107 Mount Prospect Ave, Dublin 3 | €1,250,000 | 19 Jan 2026 | High Value |
| 109 Salthill, Monkstown, Dublin | €1,126,000 | 20 Jan 2026 | High Value |
| 1 Purley Park, Portmarnock, Dublin 13 | €850,000 | 21 Jan 2026 | Strong |
| Week average (546 transactions) | €401,152 | 15–21 Jan | Elevated |
The Week Ahead
The first full week of 2026 has set the tone for the year: a formation market driven by investment structuring, a financial filing landscape dominated by global multinationals using Ireland as a profit hub, and a legal environment where the boundaries of Irish digital regulation are being tested at the highest level. The single most important takeaway from this period is the structural tension between Ireland's role as a tax-efficient holding jurisdiction for global capital — illustrated by Mark Anthony Brands' $1.8 billion in revenue and Excise Property's Fortress-backed Dublin asset — and the growing regulatory and fiscal pressure on that model from Pillar Two and the Online Safety Code.
What to Watch: (1) Planning applications linked to the Eugene Hayes Limerick SPV cluster — ten companies in one week suggests a significant development pipeline. (2) The Galco BidCo transaction — watch for CRO filings signalling a change of ownership at Galco Dublin. (3) The Court of Appeal hearing in X Internet v Coimisiún na Meán — the outcome will reshape how Ireland's Online Safety Code applies to all major platforms. (4) Walls to Workstations' 2025 accounts — the debtors problem and margin collapse need to reverse, or the company faces a structural challenge.