The financial records kept by Stephen Bawn Motors Ltd show a remarkable success story.  Without a bank overdraft, shareholder capital, or any investment at all, the second-hand car dealership in Newcastle West, Co Limerick grew from a small operation with a modest stock of used cars incorporated in 2014 to a business with 110 vehicles for sale worth more than €1 million in by 2018. Even on the company’s very first day of trading, it made a sale, a lodgement of €33,500, and a credit of €12,400 was made to its current account. From the outside, it was going gangbusters,…

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