Companies Registration Office

Week of 2026-W24

Irish Corporate Affairs Weekly | Business Post

Irish Corporate Affairs Weekly

CRO Company Formations, Financial Filings & Director Networks — Week of 8–14 June 2026

Source: CRO | Period: 2026-06-08 to 2026-06-14

Weekly | 17–24 February 2026

0 Companies Active in the CRO This Week — Ryanair's €13.95bn Revenue, a Mullingar Manufacturer's Swing to Loss, and Ireland's Aviation Finance Hub Keeps Growing

The week of 17–24 February 2026 delivered a revealing cross-section of Irish corporate life: from a Westmeath manufacturer quietly absorbing a €1.85 million loss while its US parent pumps in dollar-denominated loans, to the Ryanair Group's consolidated accounts — filed through its Irish holding vehicle Coinside Limited — showing €13.95 billion in revenue and a €1.48 billion share buyback that dwarfs most Irish companies' entire balance sheets. Meanwhile, the CRO's external company register continued its role as a barometer of international capital flows into Ireland, with aircraft finance SPVs, a Japanese imaging giant, and a Castlebar-based kidney care spin-out all registering Irish presences in a single week.

Companies with CRO Activity

Business Names Active

Financial Reports Filed (Nov 2025)

Companies with Multiple Record Changes

Companies in Liquidation / Dissolution

By the Numbers

Metric	Value	Signal
Ryanair Group Revenue (FY2025)	€13.95bn	Up 3.7% YoY
Ryanair Group Profit After Tax (FY2025)	€1.61bn	Down 15.9% from €1.92bn
Ryanair Share Buyback (FY2025)	€1.48bn	Capital Return
Trend Technologies Group Revenue (FY2024)	€64.5m	Up 0.7% YoY
Trend Technologies Group Loss After Tax (FY2024)	€1.85m	Swung from €1.85m profit
Trend Technologies Employees (FY2024)	387	Down from 421
Property Transactions (Week)	323	Avg €435k
External Companies Registered (Week)	8	Aviation, Tech, Food

Business Post AI Pick: The Aviation Finance Cluster Ireland's role as a global aircraft leasing hub was reinforced this week with three aviation-linked external company registrations: Azorra Finance Aircraft US 1 LLC (Baggot Street, Dublin 2), AviLease Capital Limited (Molesworth Street, Dublin 2), and SASOF IV TL2 Aviation Ltd. (Sir John Rogerson's Quay). Three aircraft finance vehicles in a single week, all in the same square kilometre of Dublin 2, is not coincidence — it is the gravitational pull of Ireland's tax treaty network, English-language legal system, and deep aviation finance expertise. Watch for more SPV registrations as global aircraft orders ramp up through 2026.

Pattern of the Week: AI Arrives in the Business Name Register Among the 0 business names active this week, two caught the eye: Haven AI Systems (computer programming, Cork) and Sliabh AI (computer consultancy, Carlow). Both are sole-trader registrations — the smallest unit of Irish corporate activity — but their names signal a broader trend: AI branding is now filtering down from VC-backed startups to individual practitioners registering trading names. Watch for this pattern to accelerate through 2026 as AI tooling becomes accessible to sole traders.

The Investigation: What the CRO Filings Reveal This Week

The CRO's record for the week of 17–24 February 2026 shows 0 companies with activity — a mix of annual return filers, status changes, and newly registered external entities. The most striking pattern: the external company register is doing heavy lifting as a gateway for international capital, while the domestic register tells a quieter story of long-established Irish businesses filing their annual returns. Three companies entered or remained in liquidation, a reminder that the CRO is not just a register of formation but of dissolution too.

Most Active Companies This Week

Company	Status	Type	Capital	Activity
EIRCOM LIMITED	Normal	LTD	€750m	Annual return filed
VINMOE TRADERS LIMITED	Normal	LTD	€6m	Annual return, Drogheda
CONNAUGHT ELECTRONICS LIMITED	Normal	LTD	€5m	Annual return, Tuam
ASHLING MICROSYSTEMS LIMITED	Normal	LTD	€1.75m	Annual return, Limerick
OMEGA AIR LIMITED	Normal	LTD	€1.25m	3 record changes, Old Airport Rd
CHANELLE MEDICAL UNLIMITED COMPANY	Normal	ULC	€254k	Annual return, Loughrea
PUBLISHER SERVICES LIMITED	Liquidation	LTD	€100	Liquidation from 29/01/2026
EXAKTAPRINT LIMITED	Liquidation	LTD	€0	Liquidation from 26/03/2024
CARRANORE LIMITED	Liquidation	LTD	€127k	Liquidation from 09/05/2022
IBM IRELAND PRODUCT DISTRIBUTION LIMITED	Normal	LTD	€39.2m issued	Annual return, Mulhuddart

Stress Signal: Three Liquidations in One Week Publisher Services Limited entered liquidation on 29 January 2026 — its record updated this week. The company, registered since 1983 and based at Fitzwilliam Place, Dublin 2, had accounts to December 2024 and an authorised capital of just €100. Two other companies — Exaktaprint Limited (printing, Booterstown, in liquidation since March 2024) and Carranore Limited (Fitzwilliam Square, in liquidation since May 2022) — also had records updated this week. Long-running liquidations appearing in the weekly record often signal creditor proceedings or asset realisations. Watch for final dissolution notices in the coming months.

Standout: External Companies Signal Ireland's Global Pull Eight external companies registered or updated records this week, spanning aircraft finance (Azorra Finance Aircraft US 1 LLC), Japanese imaging technology (Toshiba TEC U.K. Imaging Systems Limited), kidney care (Vantive Limited, Castlebar), and mission-critical infrastructure (Zauner Mission Critical Ltd). The diversity of sectors in a single week's external registrations is a live indicator of Ireland's attractiveness as a European base for non-EU companies — and a reminder that the CRO's external register is one of the most underreported barometers of inward investment.

Sector Breakdown: Where the Activity Is

Based on the week's company activity, the dominant sectors by record type and address cluster are:

Aviation Finance & Leasing (6499)

Property Management (6820)

Manufacturing & Electronics (2600)

Healthcare & Medical (8610)

Telecoms (6110)

IT & Computer Services (6201)

Financial Performance: Notable Filings (November 2025 Batch)

The November 2025 financial filing batch — the largest of the year with 0 reports received — included two headline consolidated accounts that reveal the full scale of Irish-registered corporate activity. The table below ranks the most notable by revenue.

Company	Revenue	Profit/(Loss)	Total Assets	Employees	Auditor
Coinside Limited (Ryanair Group) FY2025	€13,948.5m	€1,611.6m	€17,507m	—	KPMG
Trend Technologies Group Limited FY2024	€64.5m	(€1.85m)	€51.1m	387	Forvis Mazars
EML Money DAC FY2025	—	—	—	—	Filed Nov 2025
Knockrobin Nursing Home Limited FY2024	—	—	—	—	Filed Nov 2025
Lisheen Bio-Products Construction Ltd FY2024	—	—	—	—	Filed Nov 2025

Note: Full financial figures for EML Money DAC, Knockrobin, and Lisheen Bio-Products are available in their CRO filings. Ryanair and Trend Technologies figures extracted from consolidated accounts text.

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The Connections: What the CRO Data Alone Cannot Tell You

The CRO is a register of legal entities, not a register of stories. The stories emerge when you cross-reference what was filed this week against what was reported in the courts, the property register, and the business press. This week, three themes cut across multiple data sources: Ireland's role as a pass-through node for global corporate profits, the quiet stress of long-established Irish businesses, and the structural pull of Dublin 2 as a global finance address.

Ireland as Production Node, Not Wealth Hub: The Sony Pattern The Business Post reported this week that profits at Sony's Irish arm fell by 40 per cent as PlayStation sales waned. The Irish entity — registered at 10 Earlsfort Terrace, Dublin 2, with no recorded employees — generated €31.55 million in Irish revenue but €376.76 million across Europe. Its parent, Sony Interactive Entertainment Europe, saw profits rise 206% to €447 million. The pattern is familiar to anyone who reads the CRO's external company register: Ireland hosts the legal entity, processes the revenue, and remits the profit. The same week, the CRO registered Azorra Finance Aircraft US 1 LLC and AviLease Capital Limited — both aircraft finance vehicles with Dublin 2 addresses and no Irish employees. Ireland's corporation tax take is set to reach a record high, as the Business Post also reported this week, but the structural question remains: how much of that wealth stays in Ireland? Watch for the 2025 accounts of Irish-registered tech and finance subsidiaries to test whether the trend continues.

The Debt Lifecycle: From AIB to Mars Capital to Bankruptcy Court The High Court this week granted a bankruptcy adjudication in Re: Phelan [A Bankrupt] (Kennedy J., 23 February 2026). The case traces a familiar Irish debt lifecycle: a 2016 consent judgment for €800,534 against Alan Phelan, originally owed to AIB Mortgage Bank, was sold to Mars Capital Finance Ireland DAC in 2021. Mars Capital — a loan portfolio buyer — then pursued bankruptcy proceedings. The CRO this week shows no new registrations for Mars Capital, but the case is a live reminder that Ireland's secondary debt market remains active. For business readers: if you hold a consent judgment against a debtor, the clock on enforcement is long but not infinite. Watch for further Mars Capital enforcement actions in the courts in 2026.

Manufacturing Under Pressure: Trend Technologies and the Tariff Shadow Trend Technologies Group Limited of Mullingar filed consolidated accounts this week showing revenue up 0.7% to €64.5 million but a swing from €1.85 million profit to €1.85 million loss in FY2024. The accounts, audited by Forvis Mazars, explicitly flag tariff risk: "potential changes in US Trade policy, including imposition of new tariffs or changes to existing tariffs could impact the cost of imported goods." The company's US parent — EEP Holdings LLC, ultimately controlled by the Payton Family Partnership LLC — injected US$13.1 million in loans during 2024 at 6.5% interest to finance capital works in Mullingar and Slovakia. This is a company investing through a loss year, betting that its multi-site manufacturing network (Ireland, Scotland, Slovakia, Mexico) will be resilient to tariff disruption. The question for 2025 accounts: has the capital investment in Mullingar begun to generate returns, or is the group still absorbing the cost?

The Sole Trader Economy: Construction, Care, and AI The 0 business names active this week tell a story of the Irish sole-trader economy in early 2026. Construction names dominate: Luke Kelly Construction (Kildare), Carrowduff Tiling Service (Roscommon), and multiple plastering, roofing, and joinery registrations. Healthcare and wellness names are the second-largest cluster: Vera Mental Health Clinic, Kanok Thai Therapy Massage, Anaflor Acupuncture, and Kingdom Yoga. The AI names — Haven AI Systems and Sliabh AI — are outliers but significant: they signal that the AI branding wave has reached the sole-trader level. Watch for this pattern to intensify as AI tools become cheaper and more accessible to individual practitioners.

The Radar: Three Signals Worth Watching

Signal 1: Dublin 2 as a Global Finance Address This week's external company registrations cluster in a single postcode: Azorra Finance Aircraft US 1 LLC at 118 Lower Baggot Street, AviLease Capital Limited at 32 Molesworth Street, CLSec Holdings 26-2 Limited at Cumberland Place, and Zauner Mission Critical Ltd at Grand Canal Quay. Four international entities, all within 800 metres of each other, all registered in the same week. This is not random — it reflects the concentration of international law firms, fund administrators, and corporate service providers in Dublin 2. Watch for this cluster to grow as Ireland's EU presidency profile and post-Brexit financial services migration continues.

Signal 2: Long-Running Liquidations Resurfacing Three companies in liquidation had records updated this week: Publisher Services Limited (entered liquidation January 2026), Exaktaprint Limited (March 2024), and Carranore Limited (May 2022). A liquidation that has been running for nearly four years — as in Carranore's case — typically signals complex creditor disputes, asset realisation challenges, or litigation. When multiple long-running liquidations appear in the same week's CRO record, it often means a liquidator has filed updated returns or a court has issued an order. Watch for dissolution notices for these three companies in the coming months.

Signal 3: Ryanair's Profit Compression Despite Revenue Growth Coinside Limited's consolidated accounts — which hold the Ryanair Group's full financials — show revenue up 3.7% to €13.95 billion but profit after tax down 15.9% to €1.61 billion. The gap is explained by rising staff costs (up 16.7% to €1.75 billion), higher airport and handling charges (up 13.4%), and a €1.48 billion share buyback that reduced the share count by 6.7%. Ryanair is growing revenue but compressing margins — a pattern that will test its low-cost model as European aviation costs continue to rise. Watch for the FY2026 accounts to reveal whether the margin compression is structural or cyclical.

The Deep Dive: Two Companies That Tell Ireland's Bigger Story

Two companies filed consolidated accounts this week that, taken together, capture the full range of Irish corporate life in 2026: one is the world's largest low-cost airline, filing through an Irish holding company that most readers will never have heard of; the other is a Westmeath manufacturer employing 387 people, absorbing a loss year while its American owners bet on the future. Both are Irish-registered. Both are worth understanding in full.

Trend Technologies Group Limited — Investing Through the Pain

Trend Technologies Group Limited is headquartered at Mullingar Business Park, Co. Westmeath, and has been manufacturing precision metal stampings, metal fabrications, and injection-moulded components since its incorporation in 1998. Its customers are in the electronics, medical, and automotive industries. The group operates four subsidiaries: Trend Technologies Mullingar Limited (100%), Trend Technologies Scotland Limited (95.65%), Trend Technologies Mexico Holdings Limited (100%), and Trend Technologies Slovakia s.r.o. (100%). Its ultimate parent is EEP Holdings LLC (USA), controlled by the Payton Family Partnership LLC.

Metric	FY2024	FY2023	Change
Revenue (Turnover)	€64.5m	€64.1m	+0.7%
Gross Profit	€5.9m	€7.8m	−24.2%
Operating (Loss)/Profit	(€521k)	€2.71m	Swung to loss
Loss After Tax	(€1.85m)	€1.85m	Full reversal
Total Assets	€51.1m	€53.2m	−3.9%
Cash at Bank	€2.29m	€8.57m	−73.3%
Employees (avg)	387	421	−34 headcount
Staff Costs	€18.5m	€17.3m	+6.8%

Reading Between the Lines: A Deliberate Investment Cycle The headline loss of €1.85 million masks a more complex story. Trend Technologies spent €9.44 million on capital expenditure in 2024 — up from €3.32 million in 2023 — funded by a US$13.1 million loan from its parent at 6.5% interest. Cash fell from €8.57 million to €2.29 million as a direct result. The company is not in distress; it is in a deliberate investment cycle, expanding its Mullingar and Slovakia facilities. The going concern note is supported by a financial support commitment from TTL Holdings LLC. The real risk is the tariff environment: if US trade policy disrupts the automotive and electronics supply chains that Trend Technologies serves, the return on this capital investment may be delayed. The question for 2025 accounts: has the Mullingar expansion begun generating revenue, and has the group's cash position recovered?

Coinside Limited (Ryanair Group) — The €14 Billion Filing Nobody Talks About

Coinside Limited is a private company registered in Ireland (company number 424667) that serves as the holding vehicle through which Ryanair Holdings plc files its consolidated accounts with the CRO. The accounts, signed by Chairman Stan McCarthy and Group CEO Michael O'Leary on 16 May 2025, cover the year ended 31 March 2025 and represent the full Ryanair Group — Ryanair DAC, Buzz, Lauda Europe, Malta Air, and Ryanair UK.

Metric	FY2025	FY2024	Change
Total Revenue	€13,948.5m	€13,443.8m	+3.7%
Operating Profit	€1,558.0m	€2,060.7m	−24.4%
Profit After Tax	€1,611.6m	€1,917.1m	−15.9%
Staff Costs	€1,751.1m	€1,500.0m	+16.7%
Total Assets	€17,507m	€17,176m	+1.9%
Cash & Equivalents	€3,863.3m	€3,875.4m	Stable
Share Buyback	€1,481.7m	€0	New in FY2025
Owned Aircraft	586	—	100% unencumbered

  Why It Matters: The €1.48bn Buyback Signal
  A €1.48 billion share buyback in a single year — while simultaneously paying €437.7 million in dividends — is a statement of confidence in Ryanair's cash generation. The group returned €1.92 billion to shareholders in FY2025 while maintaining nearly €4 billion in cash. But the profit compression is real: operating profit fell 24.4% as staff costs rose 16.7% and airport charges rose 13.4%. Ryanair is the most efficient airline in Europe, but European aviation infrastructure costs are rising faster than its revenue. The question for FY2026: can Ryanair hold its margin as the Boeing 737-8200 fleet expansion drives higher depreciation, or will the low-cost model require a structural rethink?

Key People This Period

Name	Role	Notable Activity	Connections
Brian Dickstein	Director	Signed off on FY2024 accounts showing €1.85m loss; holds 4.93% of EEP Holdings LLC	Trend Technologies Group
Jeanette Payton Taylor	Director	50% owner of Payton Family Partnership LLC (ultimate parent of Trend Technologies); appointed 2022	Trend Technologies Group
Tiffany Payton Jameson	Director	50% owner of Payton Family Partnership LLC; appointed 2022 alongside sister	Trend Technologies Group
John Curley	Director	Irish director who signed the FY2024 accounts; on board since 2018	Trend Technologies Group
Oliver Loomes	Director	Director of Eircom (eir) since February 2022; €750m authorised capital company	EIRCOM LIMITED
Stephen Tighe	Director	Director of Eircom since April 2018; long-serving board member of Ireland's largest telecoms company	EIRCOM LIMITED

One to Watch: Trend Technologies Group Limited

Trend Technologies Group Limited

Company No. 278739 | Mullingar Business Park, Co. Westmeath | NACE: Manufacturing (2573) | Auditor: Forvis Mazars | FY2024 Accounts

Metric	Value
Revenue	€64.5m
Loss After Tax	(€1.85m)
Total Assets	€51.1m
Cash at Bank	€2.29m
Employees	387
Capex (FY2024)	€9.44m

Trend Technologies manufactures precision metal stampings, metal fabrications, and injection-moulded components for the electronics, medical, and automotive industries. It operates from Mullingar (Ireland), Glenrothes (Scotland), Martin (Slovakia), and holds a dormant Mexican entity. The group is privately held by EEP Holdings LLC (USA), ultimately controlled by the Payton Family Partnership LLC.

Why it matters: this is the kind of company that rarely makes headlines but is the backbone of Ireland's regional manufacturing economy. With 387 employees in Mullingar — down from 421 — and a loss year driven by a €9.44 million capital investment cycle, Trend Technologies is betting that its multi-site, multi-sector manufacturing model will outlast the tariff disruption that its own accounts flag as a principal risk. The US$13.1 million loan from its parent at 6.5% interest is the most concrete sign yet that the Payton family is committed to the Mullingar operation for the long term.

The number that matters: €9.44 million in capital expenditure in a year when the group made a €1.85 million loss. That is not a company in distress — it is a company making a deliberate bet on its own future. Watch for the FY2025 accounts to reveal whether that bet is paying off.

The Broader Picture: Courts, Property, and the Week Ahead

The Irish Courts

The High Court delivered four judgments in the week of 17–24 February 2026, two of which have direct relevance to Irish business. The most significant for corporate readers is the bankruptcy adjudication in Re: Phelan [A Bankrupt] — a case that traces the full lifecycle of an Irish mortgage debt from AIB to a loan portfolio buyer to the bankruptcy court. The second, Pisarski v Kepak Cork Unlimited Company, is a reminder that Ireland's largest food companies are not immune to personal injury litigation — and that solicitor negligence can extinguish a plaintiff's case entirely.

Citation	Parties	Subject	Why It Matters
[2026] IEHC 100	Re: Phelan [A Bankrupt]	Bankruptcy adjudication	Mars Capital Finance Ireland DAC (loan buyer) succeeds; AIB debt sold in 2021 enforced in 2026
[2026] IEHC 94	Pisarski v Kepak Cork Unlimited Company	Personal injury appeal	Kepak Cork wins; summons renewal set aside after solicitor deliberately failed to serve
[2026] IEHC 93	Protect Kenilworth Square v Dublin City Council	Planning challenge	Urban planning dispute; business implications for Dublin development pipeline
[2026] IEHC 91	Moloney v Sheehy	Civil dispute	General civil litigation; Twomey J.

Kepak Cork in Court: A Reminder for Irish Food Companies Pisarski v Kepak Cork Unlimited Company (Barr J., 23 February 2026) is a cautionary tale on two levels. First, Kepak Cork Unlimited Company — one of Ireland's largest meat processors, registered as an unlimited company to avoid public disclosure of accounts — successfully defended a personal injury claim that had been dormant for nearly four years because the plaintiff's solicitor deliberately chose not to serve the original summons. Second, the case establishes that a solicitor's deliberate inaction cannot constitute "special circumstances" justifying renewal of a summons. For Irish food companies facing legacy personal injury claims: the courts are increasingly willing to strike out stale proceedings. Watch for further applications to dismiss long-delayed cases in 2026.

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Property Markets & Plans

The residential property market recorded 323 transactions in the week of 17–24 February 2026, with an average price of €435,119 and a median of €358,167 — a spread that reflects the continued divergence between Dublin's premium market and the rest of the country. The highest transaction of the week was €17.5 million, suggesting at least one significant commercial or high-end residential deal. Dublin's Clontarf and Sandymount postcodes dominated the high-value end, with two Clontarf properties transacting at €2.27 million and €1.525 million respectively.

Address	County	Price	Date	Note
150 Castle Ave, Clontarf, Dublin 3	Dublin	€2,270,000	19 Feb 2026	High-value residential, D03
27 Kincora Rd, Clontarf, Dublin 3	Dublin	€1,525,000	20 Feb 2026	Premium Clontarf address
3 Londonbridge Rd, Sandymount, Dublin 4	Dublin	€650,000	20 Feb 2026	D04 residential
9 Brookwood Heights, Artane, Dublin 5	Dublin	€505,000	20 Feb 2026	North Dublin residential
50 Kiltipper Close, Aylesbury, Tallaght, Dublin 24	Dublin	€585,000	20 Feb 2026	South Dublin residential

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The Week Ahead

The week of 17–24 February 2026 in the CRO tells a story of two Irelands: the global Ireland, where aircraft finance SPVs cluster in Dublin 2 postcodes and Ryanair files €14 billion in revenue through a holding company most people have never heard of; and the regional Ireland, where a Westmeath manufacturer absorbs a loss year while betting on its own future, and sole traders in Roscommon and Carlow register AI-branded consultancies. Both Irelands are real. Both are visible in the CRO if you know where to look. The single most important takeaway from this period: Ireland's corporate register is not just a compliance database — it is a live map of where global capital is flowing, where Irish businesses are under pressure, and where the next generation of enterprises is taking shape.

  The Bottom Line
  Ireland's CRO is the most underused intelligence resource in Irish business. In a single week, it reveals: the world's largest low-cost airline's full financial position; a Westmeath manufacturer's bet on its own survival; three aircraft finance vehicles clustering in Dublin 2; and the first AI-branded sole traders registering in rural Ireland. The data is public. The stories are hiding in plain sight.

What to Watch in the coming weeks:

Watch for the dissolution notices for Publisher Services Limited, Exaktaprint Limited, and Carranore Limited — three companies in liquidation whose records were updated this week. When dissolution notices appear, it signals the end of the liquidation process and the final distribution of assets to creditors.

Watch for the FY2025 accounts of Trend Technologies Group Limited — due in late 2026 — to reveal whether the €9.44 million capital investment in Mullingar and Slovakia has begun generating returns, or whether the group is still absorbing the cost of its expansion.

Watch for further external company registrations in the aviation finance sector: with global aircraft orders at record levels and Ireland's leasing infrastructure firmly established, the Dublin 2 cluster of aircraft finance SPVs is likely to grow through 2026.