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Stephen Mc Carron’s I.W.D. Limited (Company Number 308502) struck off by Companies Office
STHEPEN
Mc CARRON’S
STRIKE OFF
A
BEAMING Stephen Mc Carron, md of internet hosting firm 365 Hosting
Ltd(t/a Hosting365), was recently pictured in The Sunday Business
Post shaking hands with Tánaiste Mary Harney. The accompanying
article noted the company’s €3m investment in a new
office in Park West in Dublin but failed to mention that another
of Mc Carron’s IT firms, IWD
Ltd , was recently struck off the Companies Register for failing
to file accounts.
Back
in 2001, IWD – in which McCarron was a stakeholder and director
along with Aoife Travers – was subject of hard-hitting criticism
from Patrick Lane, who resigned as auditor of the firm that year.
One of the reasons that Lane gave for his resignation was that
he was “unable to gather all the information and explanations”
required for the purposes of the audit. He also said that he was
unable to satisfy himself “with regard to appropriateness
of a series of payments made to or on behalf of one of the directors
without the knowledge of the board”, and that he was “unable
to determine the tax liability attaching to these payments”
Mc Carron
told Goldhawk that he had hotly disputed the auditor’s claims
and the issues raised appear to have been sorted out quickly enough,
as IWD got a clean bill of health from auditors Ryan Glennon,
who replaced Lane on the 2001 audit. Furthermore, a falling out
between McCarron and former director of IWD, Eoin Costello—who
resigned just weeks before Lane resigned as auditor—saw
Costello’s new firm, Novara Ltd, taking a legal action against
McCarron and 365Hosting(t/a Hosting365). The claim was settled
out of court and a confidentially agreement was signed by both
parties.
Interestingly, with the Ryder Cup fast approaching Mick Smurfit
may soon be taking an interest in Hosting365, which has registered
the internet domain name KClub.com, forcing him to use the less
internationally recognisable KClub.ie.
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