OMEGA AVIATION Services Ltd, which is controlled by the McEvaddy brothers Ulick and Des, advanced an interest-free loan of €4.99 million in 2009 to Naas Primary Care Campus Ltd, its latest accounts show.
Omega also received a “golden share” that gives it the right to appoint the campus company’s board.
The loan remained outstanding at the end of 2009, according to the Omega accounts.
The €25 million Naas medical care project was opened by Minister for Health Mary Harney in February 2009.
The project is owned by Ulick and Des McEvaddy, owners of Omega Aviation, and their cousin, property developer Gerald Roche.
The latest accounts for the Naas campus company are for the 13-month period to the end of 2008.
At the end of that period the company owed Swan View Developments, a related entity, €3.2 million arising from its work on the campus.
Swan View had bank loans of €15.7 million at the end of 2008, the period covered by its latest accounts.
Anglo Irish Bank holds unlimited personal guarantees from the McEvaddy brothers and Mr Roche, the accounts noted.
Trade debtors at the end of the period included the DGU Partnership, which comprised the McEvaddys and Mr Roche. The amount was €13.6 million. The partnership owns the campus site and was in turn owed €2 million by the company.
Omega was given a “golden share” in January 2009 in three other companies associated with the Naas venture. They are Vista Medical Imaging Ltd, Swan View Developments Ltd and The Pharmacy at Vista Primary Care Ltd.
The Naas care centre is close to Naas general hospital and, according to its website, has a pharmacy; a high-end diagnostics imaging department; a day procedure surgical suite; a dental practice; a phlebotomy suite; and a restaurant. It also has, according to the website, an array of consultant suites designed to serve as a base for 30 medical service organisations.
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