Companies Registration Office
Week of 2026-W05
Irish Corporate Affairs Weekly
CRO Company Formations, Business Names & Financial Filings — Week of 29 Jan–4 Feb 2026
Source: CRO | Period: 2026-01-29 to 2026-02-04
547 New Companies, 2,609 Financial Filings — and a 30-Year Retail Chain Collapses on the Final Day
The first full week of February delivered a busy CRO register: 547 new companies registered, 449 new business names, and 2,609 financial reports filed — a volume that underscores the relentless pace of Irish corporate activity. But the week's defining moment came on its last day, when EuroGiant Retail Limited entered High Court-appointed liquidation, placing 640 jobs at risk across 77 stores and ending a 30-year chapter in Irish discount retail. Against that backdrop, the formations data reveals a pattern emerging: AI companies from rural Ireland, a €10m holding company in Maynooth, three real estate vehicles registered simultaneously at the same Dublin 2 address, and a pharma-education group filing accounts that show €15.7m in revenue but a €3.8m loss — the cost of a leveraged acquisition still working through the system.
By the Numbers
| Metric | Value | Signal |
|---|---|---|
| New companies registered | 547 | Active |
| New business names | 449 | Steady |
| Financial reports filed | 2,609 | High volume |
| Consolidated financial statements (1180) | 31 | Large entities |
| Highest authorised capital (new formation) | €10m | V3H Serve Ltd |
| Property transactions (week) | 394 | Residential-led |
| Avg residential price | €342,630 | Above national median |
| Court judgments delivered | 5 | No corporate insolvency |
Over the past seven days, 547 new companies joined the Irish register — a figure that, on its own, tells you little. The story is in the composition: holding companies with eight-figure authorised capital, AI startups from Tipperary, three real estate vehicles at a single Dublin 2 address, and a Turkish dental clinic registering as an external company in Baggot Street. The CRO is not just a register — it is a real-time map of where Irish and international capital is moving.
Notable New Formations This Week
| Company | Capital | Sector (NACE) | Location | Why Notable |
|---|---|---|---|---|
| V3H Serve Limited | €10m | Holding companies (6420) | Maynooth, Kildare | Highest capital this week |
| Zero Arc AI Limited | €1m | Mgmt consultancy (7022) | Killenaule, Tipperary | Rural AI startup |
| Sardar and Durrani Limited | €1m | Restaurants (5610) | Killester, Dublin 5 | F&B expansion |
| Ullah Cardiac Services ULC | €1m | Specialist medical (8621) | Dooradoyle, Limerick | ULC structure, medical |
| Nagowan Developments Limited | €1m+ | Real estate (6820) | Shannon, Clare | Daramac Group link |
| BEO Ventures 2 Limited | €100 | Real estate (6810) | 15 Herbert St, D2 | Cluster: 3 at same address |
| Ebury Agent EU Limited | €1,000 | Financial services (6499) | St Stephen’s Green, D2 | Fintech EU agent |
| The Burren Musical Instrument Co. | €1m | Retail (4719) | Newcastle West, Limerick | Cultural enterprise |
Top Sectors by New Formations
Management consultancy and professional services dominated this week’s formations, consistent with the ongoing trend of sole traders and contractors incorporating. Construction and transport also featured strongly, reflecting continued activity in both sectors.
Financial Performance: Notable Filings This Week
Of the 2,609 reports filed, 31 were consolidated financial statements (doc type 1180) — the filings that reveal group-level revenue and profit. The most significant: a Nasdaq-listed US networking company filing its full 10-K through its Irish subsidiary, and a pharma-education group backed by MML Growth Capital showing its first full year of trading after a leveraged buyout.
| Company | Revenue | Net Profit/(Loss) | Total Assets | Employees | Auditor |
|---|---|---|---|---|---|
| Extreme Networks Ireland Ltd View | $1.14bn | N/A (group) | $1.1bn+ | N/A | PwC (US) |
| Innopharma Group Holdings Ltd View | €15.7m | (€3.8m) | €28.5m | 154 | BFCD |
| Peachport Limited View | — | €2.8m | €11.7m | 10 | Malone & Co |
| Boyne Valley Villages Limited View | — | (€306k) | €12.3m | 2 | Sadlier O’Neill |
| Heatherway Taverns Limited View | — | (€572k) | €1.75m | 49 | Malone & Co |
| Slaneygio Limited View | — | €95k | €1.95m | 26 | Malone & Co |
The CRO register tells you who incorporated and what they filed. The connections — between the register, the courts, the property market, and the news — tell you why it matters. This week, three themes emerge: the collapse of a retail institution that the CRO still lists as “Normal”; the quiet expansion of Ireland’s emergency accommodation sector into a multi-million euro business; and the arrival of a Nasdaq-listed US networking giant’s full 10-K on the Irish register, a reminder that Ireland’s corporate infrastructure serves global capital flows as much as domestic enterprise.
The Radar: Three Signals Worth Watching
Two companies this week merit a deeper look: one is a private equity-backed pharma education group whose first full-year accounts reveal the true cost of a leveraged acquisition; the other is a Wicklow family’s emergency accommodation business that has quietly become one of the most profitable small companies in the State. Both are stories that the CRO alone would not tell you — you need the financial filings to see the full picture.
Innopharma Group Holdings Limited — The Price of a Buyout
Innopharma Group Holdings Limited (company 730709) is the holding company for the Innopharma group, which provides education resources and technical services to the pharmaceutical and high-tech manufacturing sectors. Registered at 4th Floor, Huguenot House, 35-38 St. Stephen’s Green, Dublin 2, the group operates from its Ravenscourt Campus in Sandyford, Dublin 18. It was acquired by MML Growth Capital Partners Ireland Fund II in July 2023 — the company was previously named Spring Acquisitions Holdings Limited and changed its name in September 2023.
| Metric | FY2024 (€) | FY2023 (€) | Change |
|---|---|---|---|
| Turnover | 15,748,598 | — | First full year |
| Gross Profit | 9,135,103 | — | 58% margin |
| Operating Loss | (924,868) | — | Goodwill drag |
| Interest Expense | (2,868,521) | — | LBO debt cost |
| Net Loss | (3,819,498) | (3) | Acquisition year |
| Total Assets | 28,468,746 | 9,242,803 | +208% |
| Goodwill (net) | 22,843,927 | — | 10yr amort. |
| Employees | 154 | — | First year |
The question for the 2025 accounts: can the group grow revenue fast enough to cover the €2.9m annual interest bill while also absorbing €2.5m in goodwill amortisation? At current margins, the group needs to grow revenue by approximately 10-15% per year to reach breakeven on a net basis. Watch for the FY2025 filing, which will be the first real test of whether the acquisition thesis is working.
Peachport Limited — Emergency Accommodation’s Quiet Profit Machine
Peachport Limited (company 527579) is registered at Germaine’s, Main Street, Baltinglass, Co. Wicklow — the same address as Heatherway Taverns Limited and Slaneygio Limited, all controlled by Joseph and Philomena Germaine. Peachport’s principal activity is the provision of emergency accommodation services, a sector that has grown dramatically as the State contracts private providers to house asylum seekers and homeless families.
| Metric | FY2025 (€) | FY2024 (€) | Change |
|---|---|---|---|
| Net Profit | 2,803,959 | 5,694,620 | -51% |
| Property Assets (net) | 6,595,802 | 4,548,034 | +45% |
| Capital Additions | 2,254,801 | — | Expansion |
| Cash at Bank | 8,559,533 | 7,812,781 | +10% |
| Retained Earnings | 11,704,751 | 8,900,792 | +31% |
| Employees | 10 | 10 | Stable |
The question for the next filing: will Peachport continue to expand its property portfolio, or will the normalisation of emergency accommodation demand reduce profitability? The €2.1m capital investment in FY2025 suggests the Germaine family is betting on continued demand.
Key People This Period
| Name | Role | Notable Activity | Connections |
|---|---|---|---|
| Jibran Ahmed | Director & Secretary | Registered V3H Serve Limited with €10m authorised capital, Maynooth | Also director Samia Jibran (co-director) |
| James Noel Bourke | Director | Registered Zero Arc AI Limited with €1m capital, Killenaule, Tipperary | CHERN TRUST LIMITED as secretary |
| Darragh McDonagh | Director | Registered Nagowan Developments Limited, Shannon Free Zone, linked to Daramac Group | Kieran Keating (secretary) |
| Christopher Walsh | Director & Secretary | Signed off on Innopharma Group Holdings FY2024 accounts — €15.7m revenue, €3.8m loss | MML Growth Capital, Ian Jones (co-director) |
| Ian Jones | Director | Indirect holder of 5.3m preference shares in Innopharma; controls Rua Investments Limited; related party transactions with Innoglobal Research | MML Growth Capital Partners Ireland Fund II |
| Brian Conroy | Director | Director of Boyne Valley Villages Limited (€11.1m assets, €306k loss); related party transactions with Boyne Bu-Usa, Fastnet Homes, Tankardstown Tourism, Parley Limited | Alan Haugh (co-director), Martin Kelly (secretary) |
| Joseph & Philomena Germaine | Directors | Control Peachport Limited (€2.8m profit), Heatherway Taverns (€572k loss), and Slaneygio Limited (€95k profit) — all at same Baltinglass address | Malone & Co Accountants (all three companies) |
One to Watch: Peachport Limited
Peachport Limited
| Metric | FY2025 | FY2024 |
|---|---|---|
| Net Profit | €2.8m | €5.7m |
| Total Assets | €11.7m | €8.9m |
| Cash at Bank | €8.6m | €7.8m |
| Employees | 10 | 10 |
| Profit per Employee | €280k | €570k |
Peachport Limited provides emergency accommodation services from its base in Baltinglass, Co. Wicklow, operated by Joseph and Philomena Germaine. The company owns a portfolio of residential properties used to house emergency accommodation clients, primarily under State contracts.
The number that matters: €280,000 profit per employee in FY2025 — down from €570k in FY2024 but still extraordinary for a small Irish company. With €8.6m cash at bank and €2.1m invested in new property in FY2025, Peachport is one of the most capital-efficient businesses in the State’s emergency accommodation supply chain. The question: as the State’s accommodation crisis evolves, will contract terms remain as favourable? Watch for the FY2026 filing, which will reveal whether the expansion investment has translated into higher revenue.
The Irish Courts
The week of 29 January to 4 February 2026 produced five High Court judgments — a relatively quiet period for business-relevant litigation. Notably absent: any corporate insolvency proceedings, tax rulings, or commercial disputes. The most business-relevant case is Duffy v Minister For Housing, which concerns a planning challenge that could have implications for residential development timelines. The EuroGiant liquidation, announced on 4 February, has not yet generated a published court judgment — the Interpath appointment is too recent. Creditors and counterparties should monitor the Companies Registration Office and the High Court commercial list for formal proceedings in the coming weeks.
| Citation | Parties | Subject | Why It Matters |
|---|---|---|---|
| [2026] IEHC 46 | Duffy v Minister For Housing | Planning/housing challenge | Judicial review of housing policy; potential impact on residential development pipeline |
| [2026] IEHC 57 | MM v A University | Employment dispute | University employment law; relevant to higher education sector employers |
| [2026] IEHC 50 | AMA v Minister For Justice | Immigration (No. 3) | Third in series; immigration policy implications for international workforce planning |
| [2026] IEHC 51 | MJ & AA v Minister For Justice | Immigration (consolidated) | Consolidated immigration cases; relevant to employers relying on international talent |
| [2026] IEHC 47 | C v D | Private matter (Barrett J.) | Anonymised; subject not disclosed |
Property Markets & Plans
The Irish residential property market recorded 394 transactions in the week of 29 January to 4 February 2026, with an average price of €342,630 — above the national median and consistent with the sustained price pressure that has characterised the Dublin and commuter belt markets. The week’s highest transaction was €3.675m, with several properties in the €800k–€1m range transacting in Dublin 8 and Dublin 14. Commercial property activity was limited in the register for this period, though the Business Post reported separately on a €75m Liberties apartment deal and Johnny Ronan’s challenge to the Stephen’s Green Shopping Centre redevelopment — both signals of continued institutional appetite for Dublin real estate.
| Property | Price | Type | Why Notable |
|---|---|---|---|
| 60 Mountshannon Rd, Kilmainham, Dublin 8 | €1,000,000 | Residential | Seven-figure residential in Dublin 8 inner city |
| Apt 50 Clearwater Cove, Dun Laoghaire | €950,000 | Residential | Premium coastal apartment, south Dublin |
| 55 Pine Valley Park, Rathfarnham, Dublin 14 | €820,000 | Residential | South Dublin suburban premium |
| 89 Abbeyfield, Killester, Dublin 5 | €755,000 | Residential | North Dublin suburban; strong demand |
| Apt 4 Shore Club, Beach Road, Dublin 4 | €726,872 | Residential (VAT excl.) | New-build coastal Dublin 4; VAT-exclusive pricing |
The Week Ahead
The week of 29 January to 4 February 2026 will be remembered primarily for the EuroGiant liquidation — a reminder that the CRO register is a lagging indicator of corporate distress, not a real-time health check. The week’s formation data tells a more optimistic story: 547 new companies, significant capital deployment outside Dublin, and a fintech EU agent registering on St Stephen’s Green. The financial filings tell a third story: the cost of leveraged acquisitions (Innopharma), the profitability of State-contracted services (Peachport), and the scale of global capital flowing through Irish corporate structures (Extreme Networks).
What to watch in the coming weeks: (1) The formal EuroGiant winding-up order in the High Court commercial list — this will set the liquidation commencement date and trigger creditor claims. (2) The first annual returns for the BEO Capital cluster (807724/807725/807726) — these will reveal the actual beneficial owners behind the three Herbert Street real estate vehicles. (3) The FY2025 accounts for Innopharma Group Holdings — the first real test of whether the MML Growth Capital acquisition thesis is generating sufficient revenue growth to service the €13.4m bank debt.