McCann Stays Quiet On Clinic Closure

A state-of-the-art private clinic owned by senior doctors and entertainment biz people has shut down after losing hundreds of thousands of pounds.

"I would like to comment but have been advised that I should not, due to legal action involving a former employee," concert promoter Eamonn McCann – reportedly the Belfast clinic’s largest shareholder – told Pollstar.

According to the Belfast Telegraph, McCann, who owns Wonderland Promotions, wrote to his fellow shareholders before Christmas and said it was better to put the business on the market than take further losses.

The Irish paper says The Balmoral Clinic, which is at Lisburn Road, Belfast, lost more than £178,000 in its first year trading to the end of April 2005.

The following year its trading account showed that its losses had gone up to £272,863. The same accounts show that the company held assets of more than £7.9 million – the value put on the building and the equipment – but owed more than £8 million to creditors.

Last year’s accounts have not yet been presented at Companies House, but are due to be filed later this month.