I am advised by Revenue that, outside of its general role as a tax authority, it has no role in the investigation of the financial dealings of the companies involved in the Ringfort development.
One of these companies, Meathamatic Limited, was placed into liquidation on 18th November 2025 and Colin Gaynor of Resolute Advisory was appointed as liquidator. Revenue is a creditor of this company but failed to get its nominee appointed.
Under Company Law, the liquidator is obliged to investigate the reasons for the failure of a company and to report to the Corporate Enforcement Authority on how the affairs of the company were conducted by the directors. The liquidator is also tasked with realising the assets of the company to maximise repayments of creditor debts.
As part of this liquidation, a committee of inspection has been set up and I can confirm that Revenue has a representative on this committee. A committee of inspection represents the interests of creditors and oversees the activities of the liquidator. I am assured that Revenue will work closely with the liquidator to ensure that all appropriate actions are taken in this case.