Developer Michael Burke pumped funding of nearly €16.5m into his Burkeway Construction company in 2007, according to its latest accounts. Sale proceeds of more than €8.85m in relation to one development were lodged directly into Burke's personal loan account, the accounts state.

Burkeway made a net loss of €9.36m in 2007 and its liabilities exceeded total assets by nearly €1.5m. Its directors wrote off €5.5m which was owed by the company and has made a provision of €4m in respect of a €30.9m loan to Burkeway Sandyford.

BDO Simpson Xavier inserted an emphasis of matter in the accounts, stating that there was "a material uncertainty which may cast significant doubt about the company's ability to continue as a going concern". Notes to the accounts state that "the validity of the going concern basis is primarily dependent upon the shareholders' support and the continued financial support from the company's bank (Anglo Irish Bank Corporation) and the company trading profitability in the future".