Monday 5 December 2016

DJ cash probe ongoing as sister stays 'top of game'

Eimear Ni Bhraonain

Published 10/02/2011 | 05:00

Hurling legend DJ Carey's cleaning firm, which his sister Catriona once worked for, faces possible collapse over debts of €1.7m
Hurling legend DJ Carey's cleaning firm, which his sister Catriona once worked for, faces possible collapse over debts of €1.7m

Gardai are continuing to investigate how hundreds of thousands of euro is missing from hurling superstar DJ Carey's cleaning business.

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The probe into a number of "unauthorised transactions" at DJ Carey Enterprises is ongoing by gardai in Kilkenny.

The hurling legend, who has not yet commented on his financial difficulties, is battling to save his business.

However, while her brother is under pressure, Mr Carey's sister Catriona Carey (32) is on the top of her game.

Ms Carey, a former hockey player who earned 72 caps for Ireland, is a director of a busy service station in Waterford city and also runs her family's cleaning business.

Yesterday, the Irish Independent called to the Lindor Service Station on the Cork Road in Waterford but Ms Carey was not on the premises.

The qualified accountant worked as a financial controller for Mr Carey's Kilkenny-based company, selling cleaning products to businesses throughout the country.

She used to commute several times a week from her home in Kilkenny to Irish hockey team training sessions and to her club, Hermes, based in St Andrew's school in Blackrock.

But she ended up quitting her international hockey career as a midfielder at 28 to focus on her brother's business.

She cited "work pressures" as her main reason for giving up the game at top level.

Former national hockey coach Riet Kuper said at the time that it was a "pity that such a talented and sparkling player" had retired.

"Catriona brought something different into the game and was able to surprise many opponents with her actions. She has a pleasant personality together with a strong willpower and was a valued member in the squad. She will be missed in the international hockey scene."

Catriona then left DJ Carey Enterprises in March 2009 after almost eight years at the helm of her brother's empire -- before setting up a similar cleaning supplies company with her mother, Maura.

An old school friend of Ms Carey said everyone in Kilkenny thinks "very highly" of her.

"She went from being a shy schoolgirl who looked like everyone else to a glamorous sports star and businesswoman.

"She drives a BMW and she's part of a clique of good-looking Kilkenny girls but I will say, she is a gorgeous girl and brilliant at sport."

Earlier this week it emerged that DJ Carey Enterprises is €1.7m in debt -- and facing possible collapse. Mr Carey and his partner, 'Dragon's Den' TV star Sarah Newman, are the main directors of the business.

Downturn

The pair had to write off €200,000 of "unauthorised transactions" which were uncovered by auditors after a probe into missing money at the troubled firm.

The problem was first discovered by auditors Carey & Associates in 2008, but the full extent of the missing money was not revealed until a year later by new auditors Brophy Gillespie.

Mr Carey's family is bitterly divided following the downturn in his business fortunes. His parents are protective of their family and have so far not commented on the matter.

Residents of Gowran in Co Kilkenny closed ranks yesterday as they refused to discuss the family's personal difficulties.

However, locals expressed sympathy to Mr Carey on the debts his business has accumulated. Mr Carey pumped over €600,000 of his own money in loans to the firm and he will be the largest creditor at a creditor's meeting scheduled for next week. Ulster Bank is owed around €170,000, a portion of this is covered by a personal guarantee from Mr Carey.

A GAA source described Mr Carey as "very decent" yesterday stating that he was a "real gentleman".

"He's not around Gowran as much as he used to be. He wouldn't just walk down to the local pub every Friday night because he does his own thing.

"People see him as doing his thing in business. He's not as involved in the community anymore but he is admired and loved because he is DJ Carey."

Irish Independent

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