EMAIL US AT hello@rightforeducation.org

Tim Carthy

Board of the Irish Foundation

BACKGROUND<

Tim joined Duignan Carthy O’Neill as a partner in 1999 after 12 years with Arthur
Andersen, a large international accounting firm, in their Dublin, Paris, Chicago, and
Sydney offices.

He has 25 years experience of audit, accounting and business consulting, and has
particular expertise in conducting financial due diligence on business in Ireland, UK
and overseas. Tim also has considerable experienced in forensic accounting and the
valuation aspects of commercial disputes. He is an acknowledged expert witness in
commercial court actions.

Tim is currently a director of 19 companies, including Irish and foreign-owned clients,
charitable institutions and other investment holding companies.

AUDIT AND BUSINESS ADVISORY

Auditor and business advisor providing advice on accounting, audit, tax and
information systems to local and international businesses across a wide range of
industries, including:

  • Computer Services & IT • Agribusiness
  • Property Development • Manufacturing
  • Distribution • Construction and Engineering
  • Pubs, hotels and restaurants • Insurance & Finance

Tim has particular experience as auditor of Co-Operatives & Friendly Societies in both
the commercial and not-for-profit sector and is familiar with the particular reporting
obligations of entities reporting under this regime.
OTHER

AGN Experience

Tim is a keen supporter of the Firm’s commitment to AGN International and worked
closely with Liam McQuaid and with other AGN Firms on joint engagements in
several countries including:

  • France Caderas Martin, Dixon Wilson, Groupe DSA
  • Germany Wirtschaftstreuhund Group, Schaffer & Partner
  • Italy Carnelutti
  • Israel Hauser, Nativ, Vexelbaum
  • South Africa McMurray AldumTim was also a Board member of Pan European Audit and Taxation Limited (‘PEAT’) which targeted projects on which European Firms could collaborate – both for EU
    institutions and private clients.

French AssociationTim spent several years working in France and is a fluent French speaker. He
currently works with many French and Francophone businesses who have operations
in Ireland and who use Ireland as a base for their international activities. He has been
honoured by the French State for his services to Franco-Irish affairs.

IFRS & FRS102

Tim has taken a particular interest in accounting standards in Ireland, UK the United
States and consults on these topics for clients and other Firms

OTHER AREAS OF EXPERTISE
A. Due Diligence
 Review of financial history, management, accounting systems and business
operations of Irish, UK and overseas companies
 Tax due diligence (Corporation Tax, Payroll, VAT, RCT)
 Preparation of and presentation of due diligence reports to potential
investors and bank credit committees
Sample recent due diligence engagements include:
 Acquisition of Irish plastics manufacturer by US multinational
 Acquisition of IT companies Ireland, France, Germany, Sweden and Israel by
Fortune 500 company
 Refinancing of Irish IT company (Bank and Enterprise Ireland)
 Management buy-out of insurance brokerage
 Refinancing family businesses in hospitality sector
B. Forensic Accounting and Commercial Disputes

  • Resolution of shareholders and partnership disputes
  • Valuation of companies in several different industries (electronics, movie
    production, construction, banking and insurance)

  • Insolvency, corporate recovery and related creditor litigation
  • Business Interruption claims
  • Review of complex business transactions with a view to uncovering
    irregularities or management fraud

  • Class action and large litigation matters
  • Insolvency, corporate recovery and related creditor litigation

C. Corporate Finance
Corporate finance advisory work involving company valuation, due diligence,
purchase reviews, project and asset based financing, tax-based lending and cash
flow analysis, including:

  • Investor partnerships in Healthcare sector
  • Restructuring of companies in financial difficulties
  • Valuation of companies in such diverse industries as electronics, media,
    manufacturing, publishing, construction and insurance

  • Assistance in preparing business plans and projections for start-up businesses
    and companies seeking additional finance in a wide range of industries.

MEMBERSHIPS & QUALIFICATIONS
Professional Memberships/Activities
Member of the Institute of Chartered Accountants in Ireland
Member of the Institute of Chartered Accountants in Australia
Qualifications
Bachelor of Law, Trinity College Dublin
Diploma in International Financial Reporting Standards (Dip IFRS).
University of Chicago, Graduate School of Business (selected classes)