Teahon Consulting, the advisory firm run by former civil servant Paddy Teahon, was paid €180,000 by property firm Treasury Holdings last year.
Teahon is a non-executive director of Treasury, which is headed by Johnny Ronan and Richard Barrett. The group has major projects in Ireland, Britain and China, and has a property portfolio valued at more than €4.8 billion.
New accounts for Teahon Consulting show the firm had an accumulated profit of €61,835 at the end of April last, down from €174,851 a year earlier. The firm’s income and profit for the year are not disclosed in the abridged accounts.
The shareholders in Teahon Consulting are Paddy and Mary Teahon.
Paddy Teahon advanced more than €160,000 to Teahon Consulting during the year, and €157,415 was repaid. Mary Teahon advanced €19,234 to the company, of which €17,900 was repaid. A career civil servant, Paddy Teahon was secretary general of the Department of the Taoiseach from 1993 to 2000. He is now a consultant to a number of companies, the chairman of Eco Wind Power, and president of the Irish Wind Energy Association.