Friday 22 September 2017

Viper's debt-collection firm returns to profit

Gordon Deegan

THE debt-collection agency run by criminal Martin 'The Viper' Foley returned to profit last year after more than doubling revenues.

Foley (right) operates Viper Debt Recovery and Repossession Services. New figures show the firm enjoyed a turnaround in fortunes last year, recording a modest profit of €833.

This is in contrast to it recording a loss of €7,518 in 2011 – a positive swing of €8,351.

This followed revenues at the firm doubling from €10,112 in 2011 to €20,290 in the year to the end of September 30, 2012.

However, auditors for the firm said they could not independently verify the revenues of €20,290 recorded by the firm due to the absence of a cash book.

The company's website boasts that, "Viper Debt Recovery and Repossession Services provide a fast and pro-active debt-collection service with an impressive 90pc success rate".

Two people are listed as directors – Martin Foley and Sonia Doyle.

Foley (57), from Kimmage, Dublin, has survived five attempts on his life. He has more than 40 convictions, some for assault, robbery and possession of threatening weapons.

He did not return a call for comment yesterday.

Irish Independent

Editor's Choice

Also in Irish News