Natrium Limited, the purchaser in the deal that led to the dramatic closure of Clerys last Friday, was incorporated on May 27th and is 20 per cent owned by the Dublin property investor Deirdre Foley.

The company is a joint venture with Cheyne, a London property investment and hedge fund business, which owns 80 per cent of Natrium. The directors are Ms Foley, John Skelly and Ronan Daly, all with addresses in Dublin.

Ms Foley is the owner of the D2 property business, which is building a portfolio of property in Dublin and London on her behalf and on behalf of third parties.

Mr Skelly is the founder and chief executive of the Carne group and is on the board of a number of funds based in Ireland and the Cayman Islands.

Mr Daly is a director of Cheyne Select Funds plc, and other Dublin-based funds.

The Cheyne shareholding in Natrium is held by two offshore companies, Cheyne Real Estate Credit Holdings, of the Cayman Islands, and Real Estate Credit Investments PCC Ltd, of Guernsey.

Real Estate Credit Investments is a Guernsey investment business that invests primarily in debt backed by real estate.

The investments can range in duration from six months to 15 years, with a “weighted average life of three to five years”, according to its website.