Westlife singer Shane Filan's company in receivership
Category: Northern Ireland
Published: 3rd May 2012 16:30:54
A property development company belonging to the Westlife singer Shane Filan has been placed in receivership in the Republic of Ireland.
The pop star owns Shafin Developments Limited with his brother Finbarr. It was involved in developments in Counties Leitrim and Sligo.
KPMG has been appointed as the receiver behalf of the Ulster Bank.
Westlife is one of the most successful boy bands of the last decade, selling more than 44m records.
In 2010, Westlife made the Irish Sunday Times musicians' rich list for the first time, with an estimated combined fortune of £31m.
The band, which also includes Mark Feehily, Kian Egan and Nicky Byrne, shared fifth place with singer Chris de Burgh.
The fifth member of the orginal line-up, Bryan McFadden, left Westlife in 2004 to embark on a solo career.
Last October, the band announced they would split up in 2012.
A final, farewell tour is due to start in Wales on 10 May.
On Thursday, KPMG confirmed that Patrick Horkan has been appointed as the receiver and manager to Mr Filan's company.
KPMG said Shafin Developments Limited's assets include four residential properties and a part developed site at the Hillcrest Development in Dromahair, Co Leitrim.
It added the firm also has "an interest in a site at Carraroe, County Sligo".
A spokeswoman said the move did not apply to Mr Filan's personal assets.
Shafin Developments Limited was established in 2004 and is registered in Mr Filan's home county of Sligo.
At 22:00:20 in PoliticsThe zero-hours contract - alongside the payday loan and the bad bank - has gained a kind of totemic significance in the public imagination.
At 22:00:03 in ScotlandScottish independence would leave working people north and south of the border worse off, Ed Miliband has claimed.
At 21:50:40 in BusinessInternet retailer Amazon reported a 32% jump in profits to $108m (£64m) in the first quarter of 2014.
At 21:48:30 in EnglandPolice have carried out a series of raids in east London, following a BBC London investigation into shops willing to deal in stolen smartphones.
At 21:47:39 in BusinessMicrosoft reported net profit of $5.66bn (£3.37bn) in the first quarter, a decline from the same period last year but better than market estimates.
At 21:45:57 in SportGreat Britain beat the Netherlands 4-3 in their latest World Championship Division 1 Group B outing in Vilnius.
At 21:34:40 in SportThe Scottish Professional Football League will look into allegations that a Kilmarnock player's signature was forged on a contract.
At 21:11:26 in EnglandA farmer accused of manslaughter after a walker was killed by his bull has denied that the animal was aggressive.
At 21:09:55 in SportJurgen Klopp has ruled himself out of contention to become the next manager of Manchester United.
At 20:52:56 in WalesA 15 year-old girl has been cut free after becoming trapped in a children's swing in a park in Denbighshire.
Harvard CitationBBC News, 2012. Westlife singer Shane Filan's company in receivership [Online] (Updated 3rd May 2012)
Available at: http://www.ukwirednews.com/news/1426355/Westlife-singer-Shane-Filans-company-in-receivership [Accessed 24th Apr 2014]
News In Other Categories
Skin grown in the laboratory can replace animals in drug and cosmetics testing, UK scientists say.
The zero-hours contract - alongside the payday loan and the bad bank - has gained a kind of totemic significance in the public imagination.
Great Britain beat the Netherlands 4-3 in their latest World Championship Division 1 Group B outing in Vilnius.
A 15 year-old girl has been cut free after becoming trapped in a children's swing in a park in Denbighshire.
Scottish independence would leave working people north and south of the border worse off, Ed Miliband has claimed.
Internet retailer Amazon reported a 32% jump in profits to $108m (£64m) in the first quarter of 2014.