Dublin City Council has spent €455,000,000 in the first 9 months of 2025.
37% or €168,000,000 goes to private hotels/landlords for emergency accommodation. Thats almost 4 in every 10 euros.
Here are the top 10 paid companies.....🧵
Before we begin...
Important: This €168M spend for Q1, Q2 & Q3 is separate from IPAS spending. Same players but different game.
The most effected group here are Irish families receiving eviction notices. Singles leaving Direct Provision are second most.
Why Irish families?
New Govt rental rules have triggered a wave of small landlords exiting the market. Families are being driven into homelessness.
While funnelling hundreds of millions in taxpayer cash straight to big providers like Banty McEnaney & co
Here are top 10 companies making millions.....👇🏻
Company: Olenna Unlimited
DCC Paid: €9,003,333.40
Directors: Gary & John McEnaney
Asset: Mortgage on Ripley Court Hotel, Talbot Street
Fun Fact: This is a new Banty McEnaney family company. Their asylum empire is on its way to a €billion... all paid for by you.
Companies: Loux Ltd and Layla Investments Ltd
DCC Paid: €7,797,861.30 and €2,818,800.08
Director: Kieran Hayes controls both companies
Asset: FinnsCastle Hotel
Fun Fact: Neither of these companies have filed their most recent annual returns. So they do not have tax certificates.
Company: Country Manor Hotels Unlimited
DCC Paid: €6,153,900.00
Directors:Thomas Duignan(50) & Thomas Duignan(20)
Asset: Mortgage on Cellbridge Manor Hotel
FunFact: Jeffrey Leo (Dundrum House) is a former director of this co. It also has links back to the Coldec network of IPAS companies.
Company: K&T FORBAIRT DEVELOPMENT LTD
DCC Paid: €5,661,319.20
Directors: Kevin Farrell & Thomas McNicholas
Asset: Mortgages on 48/49 Gardiner Street
FunFact: These same directors also own two other companies in the top 10, Forbairt Ogra, and K&T Forbair Properties Limited each paid €4,071,099.46 and €5,274,590.03
So realistically this group tops the the chart at ~€14,000,000+ in the first 9 months alone. And thats not including the €5million they've been paid through IPAS
MAJOR players.
Company: Bluesbros Hospitality Limited
DCC Paid: €4,486,762.62
Directors: Christopher & Conor Mc Enaney,
Asset: Mortgage on the Maple Hotel Gardiner St,
FunFact: Yet again, another McEnaney family company! They are using govt contracts as leverage to buy more and more properties. Its the best business model in the world.
Company: FRAMEWELL LTD
DCC Paid: €4,480,740.00
Directors: Brian Nicholson, Shane Landy, Grellan Dunne, Kieran Banks
Asset: Mortgage on 56, 57 & 58 Gardiner Street
Company: PSALT RESIDENTIAL CARE LTD
DCC Paid: €4,243,747.06
Directors: Theresa Fitzsimons, Maurice O' Connor, Aoife O' Carolan
Asset: Mortgage on 63-66 Gardiner Street & others.
FunFact: Much of the same people own Absolute Accommodation Limited which has been paid €2,967,449.94.
Company: GIOCOSO LTD
DCC Paid: €3,769,376.00
Directors: Stephen Fox, Sinead O'Neill
Asset: Tramco Rathmines
Company: Taronead Unlimited Company
DCC Paid: €3,215,918.36
Directors: Thomas Duignan(50) & Thomas Duignan(20)
Asset: Mortgage Airport View & Spa Hotel
FunFact: This is second entry from these directors. The company is also part of the Coldec group.
Company: AMPBAY LIMITED
DCC Paid: €3,066,000.03
Directors: David Cullen
Asset: Paramount Hotel in Temple Bar
FunFact: Owner of Turk's Head
Company: Maison Builders Limited
DCC Paid: €2,800,462.50
Directors: Michael Monaghan
Asset: [???]
FunFact: This company hasn't filed accounts since 2022. Yet has been paid €2,800,462.50 in 2025 by Dublin City Council..... 😭
Company: Fernboro Limited
DCC Paid: €2,565,037.53
Directors: Gary & John McEnaney
Asset: 55 Parnell Square
FunFact: Banty McEnaneyonce again... this time at the same address as the Govt funded NGO, Migrants Rights Centre.... Is Banty is their landlord??? Surely not.
Opinion
The lists goes on and on....thousands of payments👇🏻
Dublin City Council is trapped in an upward spiral of spending. All it is doing is subsidising private profiteers while perpetuating the homeless crisis because actual house-building is caught up in red tape and objections.
This is totally unsustainable. Few realise the amount of leverage baked into the system: these properties are heavily mortgaged, using Govt contracts as collateral.
The Govt. must know that if they pull the plug, there will be a cascade of defaults. But if they don't, it lets providers borrow and buy more to inflate the bubble further.
This entire scheme is driving up rents, hotel prices and of property prices for everyone. But worst of all..... its driving up taxes to pay for it!!!
How many beds does Banty own?
I estimate the McEnaney family are paid at least €100million a year all in. That would mean somewhere north of 3000 beds.
To put that into perspective IRES REIT, Ireland's largest landlord, has about 5000 beds and is valued at €1.3billion....the only difference Banty doesn't need planning permission!
How are serious people standing by and watching this unfold?
Link to docs: dublincity.ie/council/govern…
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