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Entrepreneur still not back in business after bruising election

SEAN Gallagher has yet to return to the world of business, nearly four months after the presidential election.

Mr Gallagher campaigned in last year's election on his experiences as an entrepreneur and employer.

He had first emerged as a household name thanks to his role as a 'dragon' or investor on RTE business show 'Dragons' Den'.

But Mr Gallagher stepped down from almost all of his company directorships last July to concentrate on the presidential race.

As a serial entrepreneur, he had been a director of 14 companies over the years as well as charities and jobs agency FAS.

Today Sean Gallagher is listed as a director of just one company, the charity Young Social Innovators, according to information held at Companies House in Dublin.

He sits on the board of the charity alongside homelessness campaigner Sr Stanislaus Kennedy.

Information held by the Companies Registration Office shows that the Dundalk man has not yet returned to his previous directorships, or taken on any new roles, since last year's defeat.

Up to last July he was a director of profitable motivational speaking business Beach House Training, as well as at his loss- making main company Smarthomes.

There was controversy over the scale of Mr Gallagher's wealth when a tax return showed he had personally earned just €12,000 in 2010.

His motivational speaking business had made €107,639 in 2010 while Smarthomes racked up losses of €282,116.

Controversially it emerged that Mr Gallagher and business partner Derek Roddy had received payments of €860,000 from the loss-making company at the height of the property crash in 2008.

During the campaign it emerged that Mr Gallagher had previously received an €82,829 interest-free loan from Beach House that breached company law. The loan was repaid in 2009.

The breach was a result of an "error" caused when a cheque was lodged into a wrong account, Mr Gallagher said.

Irish Independent