Former Tánaiste Simon Coveney at Clonakilty Distillery in 2019 with (left to right), Tom O’Connor, Michael Scully, Helen Scully and Denis O’Flynn.
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Michael Scully resigned as director and company secretary of Clonakilty Distillery and connected company Clondist Limited in September of this year. Company records show that he holds no shares in either company.
Scully founded Clonakilty distillery in 2016 to produce single pot still Irish whiskey. The company completed a €3m investment in its operations and warehousing facilities in 2025.
Clonakilty Distillery’s annual report for 2024, which included details of Michael Scully’s resignation and the appointment of Helen Scully as company secretary on 19 September 2025, showed that the business incurred losses of €1.549m in the 12 months to the end of December 2024.
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The company’s accumulated losses since it was founded amount to over €7.5m. Its stock of own-produced goods for resale amounted to €8.3m, with those stocks valued at the lower of cost to produce and estimated selling price less costs to complete and sell.
During 2024 Clonakilty distillery issued a further 1.577m €1 “B” shares, raising €1.577m from investors taking the number of outstanding “B” ordinary shares to 14,425,000.
The company said that all of its debt funding – €9.645m – is with related parties who have confirmed that they will not recall the amounts owed to them for at least 12 months. The report included an interest cost on borrowings of €514,815.
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Michael Scully resigned as director and company secretary of Clonakilty Distillery and connected company Clondist Limited in September of this year. Company records show that he holds no shares in either company.
Scully founded Clonakilty distillery in 2016 to produce single pot still Irish whiskey. The company completed a €3m investment in its operations and warehousing facilities in 2025.
Clonakilty Distillery’s annual report for 2024, which included details of Michael Scully’s resignation and the appointment of Helen Scully as company secretary on 19 September 2025, showed that the business incurred losses of €1.549m in the 12 months to the end of December 2024.
The company’s accumulated losses since it was founded amount to over €7.5m. Its stock of own-produced goods for resale amounted to €8.3m, with those stocks valued at the lower of cost to produce and estimated selling price less costs to complete and sell.
During 2024 Clonakilty distillery issued a further 1.577m €1 “B” shares, raising €1.577m from investors taking the number of outstanding “B” ordinary shares to 14,425,000.
The company said that all of its debt funding – €9.645m – is with related parties who have confirmed that they will not recall the amounts owed to them for at least 12 months. The report included an interest cost on borrowings of €514,815.
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