The Quinn Group has reported a loss of €339 million for 2010 in recent accounts, which compares with a loss of €888 million the previous year.

In April 2011, the Irish Bank Resolution Corporation (IBRC) appointed a share receiver to the company, and Seán Quinn and other board members were replaced. The restructuring of the group was formally completed in December 2011 by IBRC and other creditors, who between them now own the group.