Sunday 4 December 2016

'Bang twins' may never get to run a business again

The Stokes brothers could be in big trouble due to accusations over their finances, says Maeve Sheehan

Published 13/03/2011 | 05:00

L- R: Businessmen, Christian and Simon Stokes, owners of Exclusive nightclub, Residence on Stephens Green, Dublin, leaving court. Photo: Collins
L- R: Businessmen, Christian and Simon Stokes, owners of Exclusive nightclub, Residence on Stephens Green, Dublin, leaving court. Photo: Collins

POST-boom Ireland is awash with cautionary tales of Celtic Tiger excesses, as a rattle around the carcasses of fallen property developers and entrepreneurs will show. Few can compete with the so-called Bang twins for youth, glamour and tasteful extravagance.

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Simon and Christian Stokes, the 35-year-old identical twins behind Bang Cafe and exclusive private members club, Residence, saw their entire business go bust with debts of €9m, €3m of which is owed to the tax man.

The debt may be in the ha'penny place compared with the eye-watering billions owed by some of their former customers. But their fall has been arguably steeper and more damning than some of the country's richest tycoons.

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