Glencullen holdings (Bill Cullen) has losses of 18m

[soc]

irishtimes.com/newspaper/fin … 68858.html

LOSSES SPIRALLED to €18.6 million in 2007 at the main company owned by motor boss Bill Cullen, star of TV series The Apprentice , due to a sharp fall in sales and a write-off of €13 million owed by his motor distribution firm.

Newly-filed accounts for Glencullen Holdings fell deeper into the red from a pretax loss of €3.6 million the previous year. The 2007 losses were mitigated by a profit of almost €1.4 million from the sale of property by the firm.

Turnover at the Co Dublin-based company fell 31 per cent to €166 million in 2007 from €241 million the previous year after Mr Cullen lost the exclusive rights to distribute Renault in Ireland.

[the_edge]

I had never heard of this guy until he wrote a book about four years ago, all of a sudden he was being hailed as some kind of national hero.

We were expected to believe a car dealer is some kind of entrepreneurial genius.

[Stifster]

He may be a bit of a self-publicising twat but in fairness he would appear to have done very well for himself from very humble beginnings.

I’m not sure it was that he was hailed as an entrepreneur, just a successful businessman (and a doctor*)

Of course, given the make-up of the panel in the Irish Dragon’s Den we have a very vague definition of that word in this country.

*might just be something made up by Tom Dunne.

[groom1]

All these rubbish imported panel shows get confusing when you see them on the side of buses. Is Shane Lynch from Boyzone one of the dragons?

[CaveCanem]

I wonder what BangBang would make of this?

[soc]

@the edge

I had never heard of this guy until he wrote a book about four years ago, all of a sudden he was being hailed as some kind of national hero.

We were expected to believe a car dealer is some kind of entrepreneurial genius.

To be fair - Bill Cullen started selling apples in Moore Street. He’s not a national hero but he has certainly proven himself a very capable person.

[whizzbang]

@CaveCanem

I wonder what BangBang would make of this?

I would imagine he’d say

“Bang**Bang, Bang**Bang, Bang**Bang, you should have moved out of equities and leveraged positions before the inevitable credit crunch an associated stock market falls took place, Bang**Bang, Bang**Bang”

[daltonr]

I had never heard of this guy until he wrote a book about four years ago, all of a sudden he was being hailed as some kind of national hero.

I had heard of him long long before that book. In fact AIB organized a talk by him a few years back and invited some of their small business customers. Very interesting, I have a lot of time for him.

When you consider many of the people that Ireland celebrates as entrepreneurs, Bill Cullen actually has a lot of cred.

-Rd

[idiottje]

@whizzbang

@CaveCanem

I wonder what BangBang would make of this?

I would imagine he’d say

“Bang**Bang, Bang**Bang, Bang**Bang, you should have moved out of equities and leveraged positions before the inevitable credit crunch an associated stock market falls took place, Bang**Bang, Bang**Bang”

[Open_Window]

@CaveCanem

I wonder what BangBang would make of this?

ROFL LOL hilarious

So who was this blow in Boom Boom?

[piece_of_the_pie]

Bill was on Matt Cooper yesterday It is up to the government to save the economy by borrowing to fund the two industries that underpinned growth over the last few years - cars and houses

In the national interest of course

[spqr64]

@piece of the pie

Bill was on Matt Cooper yesterday It is up to the government to save the economy by borrowing to fund the two industries that underpinned growth over the last few years - cars and houses

In the national interest of course

Thats great the two industries that have robbed us blind, builders and car dealors. I hope the market gets its chance as it will rid us of all of them.

[Stifster]

https://www.youtube.com/watch?v=ZUatnbaNfEo

[obese_cat]

Does this mean he’ll be going back to selling the penny apples then?

[polaris]

@piece of the pie

Bill was on Matt Cooper yesterday It is up to the government to save the economy by borrowing to fund the two industries that underpinned growth over the last few years - cars and houses

In the national interest of course

Bad and all as restarting the building boom would be, at least we would manufacture the houses in this country.

As for cars; I’m sure auto companies and their workers in Germany and Japan will be delighted with our putative scrappage scheme.