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Westlife star Shane Filan sees firm go into receivership

Published 07/05/2012

Shane Filan and his Westlife bandmates are splitting up next year
Shane Filan and his Westlife bandmates are splitting up next year

A company owned by Westlife’s Shane Filan has gone into receivership in the Republic.

The pop star’s property development firm Shafin Developments Limited, which he owns with his brother Finbarr, has come under the operation of KPMG, which has been appointed by Ulster Bank. Shafin, established in 2004, was involved in developments in counties Leitrim and Sligo with its assets including four residential properties and a part developed site at the Hillcrest Development in Dromahair, Co Leitrim.

A spokeswoman said the move did not apply to Mr Filan's personal assets, which in 2010 contributed to his band making it on to the Irish Sunday Times musicians’ rich list for the first time with an estimated combined fortune of £31m.

The chart-topping boyband have announced their intention to split up next year.

Belfast Telegraph

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