Companies Registration Office

Week of 2026-W29

Irish Corporate Affairs Weekly | Business Post

Irish Corporate Affairs Weekly

CRO Company Formations, Financial Filings & Director Networks — Week of 13–19 July 2026

Source: CRO | Period: 2026-07-13 to 2026-07-19

Weekly | 17–24 February 2026

0 Companies Active, 0 Financial Filings — Aviation Dormancy, Transport Growth, and a Wave of External Entrants

The week of 17–24 February 2026 delivered a cross-section of Irish corporate life in miniature: a dormant aviation shell held by two of Ireland's most prominent entrepreneurs filed its annual return confirming zero net assets; a Kildare transport firm quietly grew its fleet by €891,000 and added two employees; and a cluster of international companies — from a US aviation finance LLC to a Shannon gaming trust — registered their Irish presence. Against a backdrop of 0 financial statements received by the CRO in the period, the week's filings tell a story of resilience in regional services, stress in Dublin construction, and the steady drumbeat of Ireland's role as a gateway for global capital structures.

Companies with CRO Activity

Business Names Active

Financial Reports Filed

Companies with Multiple Changes

Companies in Liquidation

By the Numbers

Metric	Value	Signal
Companies with CRO activity (week)	0	Steady
Financial statements received	0	High Volume
New external company registrations	12+	Inbound
Companies entering liquidation (period)	3	Watch
Largest authorised capital on record (Eircom)	€750M	Institutional
Redhills Transport fleet additions (FY2025)	€891K	Expanding
Highest property transaction (Clontarf)	€2.27M	Premium
High Court judgments delivered	4	Active

Business Post AI Pick: The External Company Wave Over the past seven days, more than a dozen foreign entities registered as external companies in Ireland — from Azorra Finance Aircraft US 1 LLC (a US aviation finance vehicle on Baggot Street) to GGAM Master Trust International, Ltd. (a gaming trust in Shannon Free Zone). This is not noise — it is the structural consequence of Ireland's tax treaty network and its position as the EU's preferred domicile for aircraft leasing and alternative finance. Each registration represents a decision made in a boardroom in New York, Riyadh, or Riga to route capital through an Irish address. The question for the next 12 months: how many of these shells will file substantive accounts?

Pattern of the Week: The Cork Street Cluster Two construction companies — TMC Civils Limited and Aultagh Construction Limited — filed accounts in the same week, share the same registered address at 114 Cork Street, Dublin 8, and share the same director, Thomas McNamara. TMC Civils posted a loss of €58,290 in FY2025 (reversing a €6,993 profit in FY2024); Aultagh posted a loss of €32,861 (versus a €500 profit in FY2024). Two companies, one address, one director, and both swinging from profit to loss in the same year — a pattern worth watching as Dublin construction margins tighten.

The Investigation

Most Active Companies This Week

The CRO's activity summary for the week of 17–24 February 2026 reveals 14 companies with multiple record changes — a mix of long-established private firms filing annual returns, management companies updating their records, and a handful of entities whose activity signals something more significant. Three companies recorded three changes each: Medical Representatives Institute of Ireland, Omega Air Limited, and B.R. Marketing Limited. The remaining 11 recorded two changes each, spanning property companies, yacht clubs, and construction firms. The pattern is consistent with a mid-February filing surge as companies with December year-ends rush to meet annual return deadlines.

Company	Type	Changes	Status	Signal
Omega Air Limited	LTD	3	Normal	Dormant
Medical Representatives Institute	CLG	3	Normal	Active
B.R. Marketing Limited	LTD	3	Normal	Active
Turton Properties Limited	LTD	2	Normal	Property
Publisher Services Limited	LTD	2	Liquidation	Winding Up
Irish Planning Institute	CLG	2	Normal	Professional Body
T.C. Tyres Limited	LTD	2	Normal	Regional
Clifford's Limited	LTD	2	Normal	Heritage

Stress Signal: Three Companies in Liquidation Three companies in the week's CRO data are in active liquidation: Publisher Services Limited (entered liquidation 29 January 2026), Carranore Limited (in liquidation since May 2022), and Exaktaprint Limited (since March 2024). Publisher Services is the freshest — a media-adjacent company entering wind-down just weeks before this filing. The print and publishing sector's structural decline continues to generate CRO activity of the unwanted kind.

Standout: External Company Registrations Signal Continued Inbound Investment Among the week's most notable registrations: Azorra Finance Aircraft US 1 LLC (US aviation finance, Baggot Street), AviLease Capital Limited (aviation, Molesworth Street), Zauner Mission Critical Ltd (Grand Canal Quay), and Vantive Limited (Castlebar, Mayo). The aviation cluster — two aircraft finance vehicles registering in the same week — is consistent with Ireland's position as the world's largest aircraft leasing hub, where over 50% of the global leased fleet is managed.

Sector Breakdown: Company Types Active This Week

The week's company activity spans a broad range of sectors. Private limited companies (LTD) dominate, with a notable cluster of companies limited by guarantee (CLG) — community organisations, professional bodies, and management companies — filing annual returns. External companies (foreign entities registering an Irish presence) represent the most newsworthy cohort.

Private Limited (LTD)

~65%

Company Ltd by Guarantee (CLG)

~20%

External Company

~10%

Unlimited (ULC)

~5%

Financial Performance: Notable Filings This Week

Of the 0 financial statements received by the CRO in the period, the following companies filed accounts with the most notable financial data. The week's filings skew toward micro and small company regimes — abridged accounts with limited disclosure — but several companies filed under FRS 102 (the full small company standard), revealing meaningful balance sheet and profit data.

Company	Net Assets	Profit/(Loss)	Employees	Accountant
Redhills Transport Ltd (FY2025)	€1,584,760	€209,588	18	Michael J. Joyce & Co.
REIM Training Solutions Ltd (FY2025)	€250,286	€161,927	n/a	Unaudited
Aultagh Construction Ltd (FY2025)	€418,338	(€32,861)	n/a	Unaudited
TMC Civils Ltd (FY2025)	€14,043	(€58,290)	n/a	Unaudited
Omega Air Limited (FY2025)	€0	€0	0	Richard Ensor & Co.
BHL Information Technology Ltd (FY2025)	(€29,115)	(€18,775)	0	Unaudited

Explore All Companies →

View All Financial Reports →

The Connections

The CRO register is a ledger, not a story. What it cannot tell you is why a Kildare transport company is investing at a rate that outpaces its profits, why two construction firms at the same Dublin address are both losing money in the same year, or why a US aviation finance LLC chose Baggot Street over Luxembourg. Cross-referencing this week's filings against court records, property transactions, and Business Post reporting reveals the connective tissue between the numbers.

Property Windfall: The Developer Behind the Numbers The Business Post reported this week that developer Liam Mounsey's Golden Port Estates Limited booked €94.2 million in residential sales in 2024 from a 393-home scheme in Dublin 12, generating a €20.1 million operating profit and €15.1 million after tax. Parent company Northport Investments reported combined revenues of €100 million and €14.4 million after-tax profit, with Mounsey holding a 94% stake. The CRO connection runs deeper: the same week, the property register recorded 323 residential transactions across Ireland, with the top Dublin sale at €2.27 million in Clontarf. The Mounsey story is a reminder that Ireland's housing output is concentrated in the hands of a small number of developers — and that the CRO's financial filings, when read alongside the property register, reveal the full scale of individual wealth creation in the sector. Watch for Northport's next set of accounts to see whether the Kildare and Meath pipeline sustains the 2024 margin.

Construction Watch: Dublin Margins Under Pressure The Cork Street cluster — TMC Civils Limited and Aultagh Construction Limited, both directed by Thomas McNamara at 114 Cork Street, Dublin 8 — filed accounts in the same week showing losses of €58,290 and €32,861 respectively. Both reversed small profits from FY2024. This is not an isolated data point: the same week, the High Court delivered judgment in Protect Kenilworth Square v Dublin City Council, a planning challenge that signals continued community resistance to Dublin development. The combination of tightening margins in small construction firms and active planning litigation is a structural headwind for Dublin's residential pipeline. The question for FY2026: can McNamara's companies return to profitability, or are these losses the beginning of a longer squeeze?

Aviation Finance: Ireland's Invisible Infrastructure Two aviation finance vehicles — Azorra Finance Aircraft US 1 LLC (Baggot Street, Dublin 2) and AviLease Capital Limited (Molesworth Street, Dublin 2) — registered as external companies in the same week. AviLease is the aircraft leasing arm of Saudi Arabia's Public Investment Fund; Azorra is a US-based lessor. Both chose Dublin's financial district as their Irish address. This is not coincidence — it is the product of decades of policy investment in Ireland's aviation finance ecosystem. The Business Post has reported that Ireland's corporation tax take is set to reach a record high, driven in part by the onshoring of intellectual property and financial structures. Aviation finance is a key component of that story. Watch for both entities to file substantive accounts within 12 months.

Debt Recovery: The Long Arm of the Loan Sale The High Court this week granted a bankruptcy adjudication against Alan Phelan in Re: Phelan [A Bankrupt], on foot of a petition by Mars Capital Finance Ireland DAC. The underlying debt — a €800,534 consent judgment from 2016 — originated with AIB Mortgage Bank and was sold to Mars Capital in 2021. This is the loan sale model in action: a debt originated during the financial crisis, sold to a specialist fund, and now being enforced a decade later through the courts. The CRO register shows Mars Capital Finance Ireland DAC as an active entity. The pattern of loan sale funds pursuing legacy debts through bankruptcy proceedings is a recurring feature of the Irish courts, and one that is likely to continue as the final cohort of post-crisis distressed loans reaches resolution.

The Radar: Three Signals Worth Watching

Signal 1: The Business Name Micro-Economy This week's business name registrations include a striking cluster of sole-trader health and wellness businesses: Vera Mental Health Clinic (Dublin 6), Luba ONeill W&K Mental Health Services (Kildare), Kanok Thai Therapy Massage (Ennis), and Anaflor Acupuncture (Dublin). Four health and wellness sole traders registering in a single week suggests a structural shift in how healthcare is being delivered — away from institutional employment and toward self-employment. Watch for this trend to accelerate as the HSE workforce continues to face capacity constraints.

Signal 2: The AI and Digital Sole Trader Alongside the health cluster, this week's business name register includes Haven AI Systems (Cork, computer programming), Sliabh AI (Carlow, computer consultancy), and Katapult Digital (Galway, IT services). Three AI/digital sole traders registering in a single week — all outside Dublin — is a signal that Ireland's technology talent is increasingly choosing self-employment over corporate employment. Watch for this cohort to either scale into limited companies or remain as lifestyle businesses over the next 12–24 months.

Signal 3: The Dormant Shell Problem Omega Air Limited, directed by Desmond McEvaddy and Ulick McEvaddy, filed its FY2025 accounts confirming zero net assets and zero activity — a dormant subsidiary of Omega Aviation Services Limited. The company has been registered since 1983 and has €1.25 million in authorised share capital. It is one of dozens of dormant shells that appear in the CRO's weekly activity data, filing annual returns to maintain their registration. The cost of maintaining these entities is low; the optionality they preserve is potentially high. Watch for any change in Omega Air's status — a reactivation would be a significant signal about the McEvaddy group's aviation ambitions.

The Deep Dive

Two companies this week stand out for deeper investigation: one is a Kildare transport firm quietly building a multi-million euro asset base through disciplined fleet investment; the other is a dormant aviation shell that has maintained its CRO registration for over four decades while its owners — two of Ireland's most prominent aviation entrepreneurs — wait for the right moment to reactivate it. Together, they illustrate the two poles of Irish corporate life: the quietly growing regional business, and the strategically preserved option.

Redhills Transport Limited — The Quiet Accumulator

Redhills Transport Limited is a private haulage company based in Redhills, Kildare, Co. Kildare, incorporated in March 2006 and directed by John McCormack (Director) and Brian McCormack (Secretary). The company operates in the road freight and logistics sector, with a fleet of plant, machinery, and motor vehicles. Its FY2025 accounts, compiled by Michael J. Joyce & Co. of Kildare, reveal a business that is growing steadily and investing ahead of its earnings.

Metric	FY2025	FY2024	FY2023
Net Assets	€1,584,760	€1,375,172	€1,080,717
Profit for Year	€209,588	€294,455	—
Tangible Fixed Assets	€2,134,231	€1,687,205	—
Fleet Additions (Cost)	€891,039	—	—
Cash at Bank	€530,036	€359,062	—
Finance Lease Obligations	€1,259,541	€699,339	—
Employees	18	16	—

Reading Between the Lines: A Business Investing in Its Future Redhills Transport added €891,039 in fleet assets in FY2025 — a figure that is 4.3 times its annual profit of €209,588. This is not reckless; it is the classic pattern of a capital-intensive business using finance leases to build capacity ahead of revenue. The company's finance lease obligations grew from €699,339 to €1,259,541 in a single year — a €560,000 increase that mirrors the fleet investment. Cash at bank grew from €359,062 to €530,036, suggesting the business is generating sufficient operating cash flow to service its debt. The headcount increase from 16 to 18 employees is proportionate to the fleet expansion. This is a company scaling its workforce in line with its business, not ahead of it. The net asset base has grown from €1.08M in FY2023 to €1.58M in FY2025 — a 47% increase in two years. For a regional haulage firm, that is a compelling growth trajectory.

The question for FY2026: with finance lease obligations now exceeding €1.25 million and profit declining from €294,455 (FY2024) to €209,588 (FY2025), can Redhills Transport maintain its investment pace without compressing margins further? The answer will depend on freight rates, fuel costs, and whether the two new employees generate sufficient additional revenue to offset the higher depreciation charge.

Omega Air Limited — The Dormant Option

Omega Air Limited is a private company incorporated in September 1983, based at Omega House, Collinstown Cross, Cloghran, Co. Dublin — adjacent to Dublin Airport. It is a wholly owned subsidiary of Omega Aviation Services Limited, and its ultimate controlling parties are Desmond McEvaddy (Director) and Ulick McEvaddy (Secretary), two brothers who built one of Ireland's most prominent aviation businesses. The company has €1.25 million in authorised share capital but has been dormant for years, filing accounts confirming zero net assets and zero activity.

Metric	FY2025	FY2024
Net Assets	€0	€0
Profit/(Loss)	€0	€0
Employees	0	0
Authorised Share Capital	€1,250,000	€1,250,000
Issued Share Capital	€2.54	€2.54
Accountant	Richard Ensor & Co.	Richard Ensor & Co.

Why It Matters: The Value of Optionality Omega Air Limited has been registered since 1983 — 43 years — and has filed accounts confirming zero activity for at least the past two years. The cost of maintaining this entity is minimal: an annual return fee and accountancy costs. But the optionality it preserves is potentially significant. The McEvaddy brothers built Omega Aviation Services into a major aircraft maintenance and leasing business, and the Collinstown Cross address — adjacent to Dublin Airport — is prime aviation real estate. A dormant shell with a 43-year history, €1.25 million in authorised capital, and two of Ireland's most experienced aviation operators as directors is not a company to dismiss. It is a company waiting for the right conditions to reactivate. The question for 2026: will the McEvaddy group's aviation ambitions find a new expression through this entity, or will it continue to file zero-activity accounts indefinitely?

Watch for: any change in Omega Air's status — a new director appointment, a capital injection, or a change in registered address — would be a significant signal about the McEvaddy group's next move in Irish aviation.

Key People This Period

Name	Role	Notable Activity	Connections
John McCormack	Director	FY2025 accounts filed; fleet investment €891K; headcount +2	Redhills Transport Limited
Brian McCormack	Secretary	FY2025 accounts signed; finance lease obligations €1.26M	Redhills Transport Limited
Desmond McEvaddy	Director	Dormant FY2025 accounts filed; zero net assets confirmed	Omega Air Limited
Ulick McEvaddy	Secretary	Co-signed dormant accounts; ultimate controlling party	Omega Air Limited
Thomas McNamara	Director	Signed accounts for two loss-making companies in same week	TMC Civils, Aultagh Construction
Edward Murphy	Director	FY2025 profit €161,927; net assets €250,286	REIM Training Solutions

One to Watch: REIM Training Solutions Limited

REIM Training Solutions Limited

Company No. 691583 • Unit 1A Mahon House, Moraghy Business Park, Monaghan Road, Castleblaney, Co. Monaghan • Training & Education • Unaudited (FRS 105)

Metric	FY2025
Net Assets	€250,286
Profit for Year	€161,927
Retained Profit (cumulative)	€250,286
Fixed Assets	€20,099
Current Assets	€394,664

What they do: REIM Training Solutions Limited is a Monaghan-based training and education company, directed by Edward Murphy and Eimear Murphy. The company provides training services from its base in Castleblaney, serving clients across the border region. It operates under the micro-entities regime (FRS 105), which limits financial disclosure but confirms a profitable and growing balance sheet.

Why it matters: A training company in Castleblaney posting €161,927 in profit and €250,286 in net assets is not a headline story — but it is exactly the kind of business that the CRO's weekly data reveals and that no other source covers. The company has grown its retained profit from €88,359 to €250,286 in a single year — a 183% increase. That is a business that is either winning new contracts, expanding its client base, or both. The border region training market — serving both Irish and Northern Irish clients — is a niche with structural tailwinds as cross-border economic activity grows. The question for FY2026: will REIM Training Solutions remain a micro-entity, or will its growth push it into the small company regime, requiring fuller disclosure?

The number that matters: €161,927 profit on a net asset base of €250,286 — a return on equity of 65%. For a small training company in Monaghan, that is exceptional capital efficiency. Watch for the company to either invest in expansion or distribute profits to its directors in the next 12 months.

The Broader Picture

The Irish Courts

The High Court delivered four judgments in the week of 17–24 February 2026, with two of direct relevance to the business community: a bankruptcy adjudication on foot of a loan sale fund's enforcement action, and a personal injury appeal that vindicates a major Irish food processor. The courts continue to process the legacy of the financial crisis — loan sale funds enforcing decade-old debts — while also handling the day-to-day litigation of Irish commercial life.

Citation	Parties	Subject	Why It Matters
[2026] IEHC 100	Re: Phelan [A Bankrupt]	Bankruptcy adjudication	Mars Capital Finance DAC enforces €800K AIB loan sale debt from 2016
[2026] IEHC 94	Pisarski v Kepak Cork Unlimited Company	Personal injury appeal	Kepak Cork wins; summons renewal refused after solicitor withheld service
[2026] IEHC 93	Protect Kenilworth Square v Dublin City Council	Planning judicial review	Community challenge to Dublin development; planning litigation as a pipeline risk
[2026] IEHC 91	Moloney v Sheehy	Civil dispute	Twomey J. — routine civil matter

Loan Sale Enforcement: The Long Tail of the Financial Crisis The bankruptcy adjudication in Re: Phelan is a textbook example of the loan sale enforcement cycle. A debt originated with AIB Mortgage Bank in 2016, sold to Mars Capital Finance Ireland DAC in 2021, and now enforced through bankruptcy proceedings in 2026 — a decade after the original consent judgment. The debtor's attempts to challenge the summons on technical grounds were rejected by Kennedy J., who found no evidence of mistake or fraud in the original judgment. The so-what: Ireland's loan sale funds are still working through their portfolios, and the courts will continue to process these enforcement actions for years to come. Business readers with exposure to distressed debt should note that the courts are applying a strict compliance standard to bankruptcy proceedings.

View All Judgments →

Property Markets & Plans

The week of 17–24 February 2026 saw 323 residential property transactions registered on the Property Services Regulatory Authority (PSRA) register, with an average price of €435,119 and a median of €358,167. The top transaction — €2.27 million for a property at 150 Castle Avenue, Clontarf, Dublin 3 — reflects continued premium demand in established Dublin coastal suburbs. The week's data is consistent with a market that remains active at the top end while the median price holds steady, suggesting no broad-based correction in the near term.

Address	County	Price	Date
150 Castle Ave, Clontarf, Dublin 3	Dublin	€2,270,000	19 Feb 2026
27 Kincora Rd, Clontarf, Dublin 3	Dublin	€1,525,000	20 Feb 2026
43 Cloister Ave, Blackrock, Dublin	Dublin	€826,500	19 Feb 2026
3 Londonbridge Rd, Sandymount, Dublin 4	Dublin	€650,000	20 Feb 2026

  Clontarf Premium: Two Transactions Above €1.5M in One Week
  Two transactions on the same stretch of Dublin's northside coastal corridor — Castle Avenue and Kincora Road, Clontarf — closed at €2.27M and €1.525M respectively in the same week. Clontarf's premium is structural: proximity to the sea, established schools, and easy access to the city centre. The combined €3.8M transacted on two streets in a single week is a reminder that Dublin's premium residential market remains deep and liquid, even as the broader market shows signs of stabilisation. Watch for planning applications in the Clontarf area — any significant development proposal will face intense community scrutiny.

View All Transactions →

The Week Ahead

The week of 17–24 February 2026 tells a coherent story about Irish corporate Ireland in early 2026: a country that is simultaneously a gateway for global capital (external company registrations, aviation finance), a generator of regional business success (Redhills Transport, REIM Training Solutions), and a market working through the structural legacies of the financial crisis (loan sale enforcement, dormant shells). The single most important takeaway from this period is the divergence between the macro narrative — Ireland as a high-value global hub — and the micro reality: small construction firms losing money, media companies entering liquidation, and sole traders registering health and wellness businesses from kitchen tables in Kildare and Kerry.

  The Bottom Line
  Ireland's corporate register is two economies in one document: the global capital structures that choose Dublin for their tax efficiency, and the regional businesses that choose Ireland because it is home. This week's CRO data contains both — an aviation finance LLC from Baggot Street and a transport company from Redhills, Kildare — and the gap between them is not a problem to be solved but a feature of a small, open economy that has learned to serve both masters simultaneously.

What to Watch:

Will Azorra Finance Aircraft US 1 LLC and AviLease Capital Limited file substantive accounts within 12 months, or remain as registered shells?
Can TMC Civils and Aultagh Construction return to profitability in FY2026, or will the Cork Street cluster face further pressure?
Will Omega Air Limited remain dormant, or will the McEvaddy brothers find a new use for their 43-year-old aviation shell?