02-07-2025
- Business
- Irish Independent
Revenue seeks to wind up Dublin accountancy firm
Murlyn Accountants is controlled by Adrian O'Lionscaigh.
In recent months, he has been attempting to assist a number of Chinese nationals to recoup a total of €9m they ploughed into an Irish construction company that was building social housing units.
A notice in the official state gazette Iris Oifigiúil on Tuesday states that a petition was filed by the Revenue Commissioners on June 13.
The petition against Murlyn Accountants is due to be heard before the High Court on July 14.
'Any creditor or contributory of the said company who wishes to support or oppose the making of an order on the said petition may appear at the time of hearing by himself or his counsel for that purpose,' the notice said.
Mr O'Lionscaigh has been asked for comment.
Murlyn Accountants is owned by UK-based H And H Avalon Holdings which is listed as being dormant and Mr O'Lionscaigh is listed as its only director.
A compulsory strike-off notice was issued for H and H Avalon Holdings last year, but the process was suspended in October following opposition to the move.
In December last year, the company's address was changed by the UK's Registrar of Companies to the Companies House head office in Cardiff.
The company secretary of Murlyn Accountants is Danni Zeng.
She is also involved in another Irish accountancy firm co-founded by Mr O'Lionscaigh, Dublin-based PLZ Accountants, which is not affected by or subject to the petition by the Revenue Commissioners.
The last set of publicly available accounts for Murlyn Accountants, which are for 2023, show that it had fixed assets of almost €272,000 at the end of that year, including debtors of almost €230,000.
It owed just over €175,000 to creditors.
It was reported earlier this year that seven of nine Chinese nationals who invested €9m into Meath-based Trinity Homes between 2018 and 2022 have turned to Mr O'Lionscaigh in an effort to secure the return of their funds.
The money was invested by the Chinese nationals as part of the Irish Government's now defunct Immigrant Investor Programme, which allowed foreign nationals to secure residency in Ireland for a fixed period if they made qualifying investments.
