Companies Registration Office
Week of 2026-W13
Irish Corporate Affairs Weekly
CRO Company Formations, Financial Filings & Director Networks — Week of 24–30 March 2026
Source: CRO | Period: 2026-03-24 to 2026-03-30
5,004 Financial Filings, a Hospitality Turnaround, and a Security Group's €3.6m Investment Bet
The week of 24–30 March 2026 was defined not by new company formations — the CRO's company register shows no new incorporations indexed for this period — but by the weight of financial disclosure: 5,004 reports filed in seven days, including 38 consolidated group accounts that pull back the curtain on some of Ireland's most interesting private businesses. The headline story is a Kildare construction firm swinging from a €730k profit to a €661k loss in a single year, while a Dublin hospitality group quietly returned to profit after a €2.8m loss the year before. Meanwhile, 276 new business names were registered across the country, from a Supermac's outlet in Limerick to a private security operation in Portlaoise — a snapshot of Ireland's entrepreneurial pulse.
By the Numbers
| Metric | Value | Signal |
|---|---|---|
| Financial reports filed (week) | 5,004 | Filing season |
| Consolidated group accounts | 38 | Group transparency |
| New business names registered | 276 | Active |
| Largest revenue disclosed (Wavecrest Inn) | €26.78m | Hospitality recovery |
| Biggest loss disclosed (Brereton Building) | €661k | Construction stress |
| Biggest turnaround (NIEH Enterprises) | €385k profit vs. €81k loss | Turnaround |
| High Court judgments delivered | 8 | Active courts |
| Alexvale Group investment spend | €3.64m | Expansion signal |
This week's CRO filing landscape is dominated by financial statements rather than new incorporations. The 5,016 reports received in seven days represent a significant end-of-quarter filing surge, with the 38 consolidated group accounts providing the richest intelligence. These are the filings that matter most: they reveal group structures, related-party loans, investment decisions, and the true financial health of Irish private business groups. The picture that emerges is mixed — hospitality recovering, construction under pressure, and one security services group making a bold capital deployment that demands attention.
Financial Performance: Top Filers This Week
| Company | Sector | Revenue | Net Profit/(Loss) | Total Assets | Auditor |
|---|---|---|---|---|---|
| Wavecrest Inn Ltd | Hospitality | €26.78m | €302k | €36.70m | Quantus Advisory |
| Alexvale Ltd | Security Services | €14.76m | €1.23m | €9.24m | Crowe Ireland |
| NIEH Enterprises Ltd | Office Equipment / Property | €10.96m | €386k | €10.93m | HLB Ireland |
| Brereton Building Services Ltd | Construction | N/A (abridged) | (€661k) | €6.51m | L Byrne & Co |
| Michael Kelly & Co Accountants Ltd | Accountancy | N/A (abridged) | €155k | €2.47m | Self (CPA) |
| Brereton Developments Ltd | Property Development | N/A (abridged) | €214k | €4.62m | L Byrne & Co |
| Máirtín O'Flatharta Teoranta | Excavation / Plant Hire | N/A (abridged) | €98k | €523k | Fiducial |
| Glenmore Automation Ltd | Automation (Galway) | N/A (micro) | €25k | €100k | Micro exemption |
Business Name Registrations: Sector Breakdown
276 new business names were registered in the week of 24–30 March 2026. The spread reveals the breadth of Irish micro-enterprise activity, from Connaught bloodstock to Donegal ventilation installers. The dominant sectors by registration volume:
Notable Business Name Registrations
| Business Name | Nature | Location | Why Interesting |
|---|---|---|---|
| Supermac's | Fast food restaurant | Rhebogue, Limerick V94 ENX3 | National chain expanding into Limerick suburb |
| Howden Financial Advisory | Insurance auxiliary | Ringsend Road, Dublin 4 | Global broker Howden expanding Irish advisory brand |
| Xeinadin | Management consultancy | Blackpool Retail Park, Cork | UK-based accountancy consolidator entering Cork market |
| FPG Tactical Solutions | Private security | Portlaoise, Laois R32 EDF3 | New security operator in Midlands — sector growth signal |
| Sean Grassick Bloodstock | Bloodstock management | Fethard, Tipperary E91 X583 | Tipperary bloodstock advisory — equine sector activity |
| John Crowley (fibre crops) | Growing fibre crops | Inniscarra, Cork P31 HT99 | Rare fibre crop partnership — industrial hemp/flax signal |
The CRO's financial filings this week tell a story that individual accounts cannot: a pattern of Irish private business groups navigating the same structural pressures simultaneously. Hospitality groups are emerging from exceptional-charge cycles. Construction firms are caught between rising intercompany obligations and softening margins. Security services are quietly consolidating. And across the micro-enterprise landscape, the business name register reveals a country still generating new ventures at pace — from Tipperary bloodstock to Galway automation. The connections between these threads are where the real intelligence lies.
The Radar: Three Signals Worth Watching
Two companies this week stand out for deep investigation: Alexvale Limited, the Rathcoole-based security services holding company whose FY2025 accounts reveal a dramatic strategic pivot, and Wavecrest Inn Limited, the Dublin 11 hospitality group whose turnaround from a €2.83m loss to a €302k profit conceals a more complex story of an exit in preparation. Both companies filed consolidated accounts this week, giving us the full group picture.
Alexvale Limited — The Security Empire's €3.6m Bet
Alexvale Limited (CRO: 602170) is the holding company for the Sharp Alarms group, based at Greenogue Business Park, Rathcoole, Dublin 24. Incorporated in April 2017 by Ivan Nolan and Jean Nolan, it holds 55% stakes in Sharp Alarms Limited, Sharp Security Limited, Sharp Security (Galway) Limited, and Jivan Holdings Limited, plus a 1% stake in Shergil Trading Limited. The group's principal activity is the installation and maintenance of fire alarm systems, access and security systems, intruder alarms, CCTV, static guards, and remote monitoring — the full spectrum of physical security services.
| Metric | FY2025 | FY2024 | Change |
|---|---|---|---|
| Revenue | €14,762,598 | €14,578,357 | +1.3% |
| Gross profit | €12,268,695 | €11,820,800 | +3.8% |
| Operating profit | €1,406,297 | €1,471,906 | −4.5% |
| Net profit after tax | €1,225,308 | €1,620,150 | −24.4% |
| Net assets | €7,385,578 | €6,160,270 | +19.9% |
| Cash at bank | €1,739,742 | €4,267,842 | −59.3% |
| Financial asset investments | €3,688,250 | €1,946 | +189,600% |
| Deferred income | €693,090 | €195,292 | +255% (recurring revenue) |
The question for FY2026 accounts: will the €3.64m investment portfolio generate income, and has the group made an acquisition that will appear in next year's consolidated accounts?
Wavecrest Inn Limited — The Hospitality Exit in Slow Motion
Wavecrest Inn Limited (CRO: 152276) is a Dublin 11-based investment holding company for a hospitality group, directed by Elliot Hughes and Liam LaHart. Registered since 1989, the group operates hospitality premises and holds investment property, with €17.6m in property, plant and equipment and €9.3m in financial assets on its balance sheet. The FY2025 accounts (year ended 28 February 2025) show a dramatic turnaround from the prior year's catastrophic loss.
| Metric | FY2025 | FY2024 | Change |
|---|---|---|---|
| Revenue | €26,779,191 | €28,632,059 | −6.5% |
| Gross profit | €11,242,954 | €11,957,536 | −6.0% |
| Exceptional items | (€388,620) | (€2,552,982) | +84.8% improvement |
| Net profit/(loss) | €302,650 | (€2,832,768) | Turnaround |
| Total assets | €36,702,990 | €36,989,157 | −0.8% |
| Net assets | €19,594,195 | €19,207,847 | +2.0% |
| Cash at bank | €2,495,758 | €3,498,263 | −28.7% |
| Long-term debt | €7,585,539 | €7,665,856 | Reducing |
The question for the next 12 months: will the premises sale complete, and will the proceeds flow to shareholders or be reinvested in a new hospitality venture?
Key People This Period
| Name | Role | Notable Activity | Connections |
|---|---|---|---|
| Ivan Nolan | Director | Signed off on €3.64m investment deployment at Alexvale Ltd | Director since 2017; controls Sharp Alarms group with Jean Nolan |
| Jean Nolan | Secretary / Director | Co-signed Alexvale FY2025 accounts; holds 1 A Ordinary share | Alexvale Ltd, Jivan Holdings Ltd |
| Elliot Hughes | Director | Signed off on Wavecrest exit strategy disclosure; no direct share interest | Wavecrest Inn Ltd (director since 2016) |
| Liam LaHart | Secretary / Director | Holds 1 ordinary share in Wavecrest; holds 13 shares in subsidiary Napella Ltd | Wavecrest Inn Ltd |
| Jim Leyden | Director / Secretary | Paid €60k dividend from NIEH Enterprises; holds 99 shares + Bizquip Ltd shares | NIEH Enterprises, Playmount Ltd, Bizquip Ltd |
| Glen Brereton | Director | Signed off on €661k loss at Brereton Building Services; €256k director loan outstanding | Brereton Building Services, Brereton Developments |
One to Watch: NIEH Enterprises Limited
NIEH Enterprises Limited
| Metric | FY2025 | FY2024 |
|---|---|---|
| Revenue | €10,955,971 | €9,658,121 |
| Gross margin | 39.0% | 42.1% |
| Net profit/(loss) | €385,707 | (€80,893) |
| Total assets | €10,925,374 | €10,664,341 |
| Property, plant & equipment | €8,623,813 | €8,059,724 |
| Dividend paid | €60,000 | €70,000 |
NIEH Enterprises is the holding company for Bizquip, Ireland's office equipment and furniture distributor, operating from Sandyford Business Park, Dublin 18. The group combines office equipment sales and maintenance with a commercial property portfolio, giving it a natural hedge against trading cycle volatility. Directors Jim and Goretti Leyden have run the business for decades.
Why it matters: NIEH is the kind of company that never makes headlines but consistently generates value. Revenue up 13.4% in a year when many SMEs were flat. The €504k property revaluation gain and €510k reduction in administrative expenses drove the turnaround from loss to profit. The €8.6m property portfolio — up from €8.1m — is the real story: this is a business that has quietly accumulated commercial property alongside its trading operations, creating a balance sheet that is far more resilient than a pure-play office equipment distributor. The Leydens paid themselves a €60k dividend — modest by any measure, but a signal of confidence in the group's recovery.
The number that matters: €504,400 — the gain on revaluation of financial assets. Without this non-cash gain, the group's profit would have been a modest €118k. The underlying trading business is improving, but the property portfolio is doing the heavy lifting. Watch for the FY2026 accounts to see if trading margins recover toward the 42% gross margin of FY2024.
The Irish Courts
The High Court delivered 8 judgments in the week of 24–30 March 2026. For business readers, two stand out: a construction contract enforcement case that reinforces the "pay now, argue later" principle under the Construction Contracts Act 2013, and a landmark digital regulation ruling that refused to halt Coimisiún na Meán's investigation into TikTok's parent company ByteDance. Both have direct implications for Irish business — one for every construction contractor and subcontractor in the country, the other for every digital platform operating in Ireland.
| Citation | Parties | Subject | Why It Matters |
|---|---|---|---|
| [2026] IEHC 195 | BMC Renovation Ltd v Gael Property Investments Ltd | Construction contract adjudication enforcement | Court enforced €119k adjudicator award. "Pay now, argue later" upheld. Residential occupier exception does not apply to companies. |
| [2026] IEHC 196 | Bytedance Ltd v Coimisiún na Meán | DSA investigation stay refused | Court refused to halt Coimisiún na Meán's DSA investigation into TikTok. Public interest in digital regulation prevails over platform's procedural objections. |
| [2026] IEHC 189 | O'Callaghan v Pepper Finance Corporation (Ireland) DAC | Mortgage enforcement dispute | Pepper Finance Corporation — the loan servicer that manages distressed Irish mortgages — involved in ongoing enforcement proceedings. Reminder that legacy loan portfolios remain active. |
Property Markets & Plans
The Property Price Register recorded no transactions in the exact week of 24–30 March 2026 — a data lag common in the PPR, which typically reflects transactions 4–8 weeks after completion. The broader March 2026 picture shows 489 residential transactions in the Dublin and Cork markets, with Dublin prices ranging from €305k (Killiney, Co. Dublin) to €875k (Circular Road North, Dublin 7). The residential market remains active, with no sign of the volume slowdown that characterised Q4 2025. For the hospitality sector, the Wavecrest Inn exit signal (see Section 4) suggests commercial hospitality assets may come to market in the coming months — a segment that has seen limited transaction activity since 2023.
| Address | Price | County | Context |
|---|---|---|---|
| 20 Cherrymount Park, Circular Rd North, Dublin 7 | €875,000 | Dublin | Top of range — D7 premium residential |
| 35 Meadowbank, Dublin 6 | €670,000 | Dublin | D6 mid-range, consistent with area norms |
| 149 Grace Park Heights, Drumcondra, Dublin 9 | €565,000 | Dublin | D9 suburban, strong demand corridor |
| 12 Coolkellure Way, Lehenaghbeg, Cork | €500,000 | Cork | Cork suburban premium — south city growth area |
| 13 Bayview Close, Killiney, Dublin | €305,000 | Dublin | Lower end of Killiney range — smaller unit |
The Week Ahead
The week of 24–30 March 2026 will be remembered as a filing week, not a formation week. The absence of new company registrations in the CRO index for this period is unusual — it likely reflects a data indexing lag rather than a genuine pause in formation activity. What the week does reveal is the financial health of Irish private business groups at a critical juncture: hospitality recovering but not yet fully healed, construction under margin pressure, and security services making bold strategic moves. The business name register, with 276 new registrations, confirms that micro-enterprise formation remains robust across every sector and every county.
The TikTok/ByteDance ruling at the High Court is the week's most significant cross-sector development: it confirms that Coimisiún na Meán — Ireland's media regulator — has the authority and the will to investigate major digital platforms under the EU's Digital Services Act. For any business operating a digital platform in Ireland, this is a precedent worth watching. The CCPC's concerns about the Elis/OCL Laundry Services acquisition (reported by the Business Post on 30 March) add to a picture of Irish regulators becoming more assertive in competition and digital markets simultaneously.
What to watch in the coming weeks: (1) Whether Wavecrest Inn Limited announces a premises sale — a €19.6m net asset hospitality group coming to market would be a significant transaction. (2) Whether Alexvale Limited's €3.64m investment portfolio generates disclosed income in the FY2026 accounts — the nature of these investments remains undisclosed. (3) Whether the Brereton group's development pipeline generates sufficient cash to service its €1.84m parent debt to World Class Gyms Ltd — the next set of accounts will tell the story.