Mr. Francis Doherty:

I had initial conversations pretty much immediately with the main funder, which is the Dublin Region Homeless Executive, and its director. I spoke regularly to staff in the Department of housing who were aware of the issue of some cash flow pressure related to historic capital assistance scheme funded projects for homeless services. I was proactive and transparent in getting the message out early to the main funders and statutory regulatory bodies that an issue had been identified, and that was recognised by both DRHE and the Department in their correspondence to the trust and its trustees. It all came to a head in and around the first and second weeks of July when the true state of creditors could finally be established and, within days, the two regulators were informed.