Firm behind Copper Face Jacks is sitting on €50m cash pile after €5m profit
Published 13/01/2016 | 02:30
The cash mountain at the firm behind the country's best known nightclub, Copper Face Jacks, passed a whopping €50m last year as the millions continued to roll into the business.
New accounts just filed by Cathal and Paula Jackson's Breanagh Catering Ltd show that the firm enjoyed pre-tax profits of just under €5m last year - or €95,000 per week.
The filings show that the pre-tax profits of €4.94m in the 12 months to the end of January 31 last follow pre-tax profits of €5.55m in the year to end of January 31, 2014 - a decrease of 11pc.
The nightclub, owned by former garda Mr Jackson and housed in the Jackson Court Hotel on Dublin's Harcourt Street, has long since entered Dublin night time folklore and has amassed the massive cash pile over the years as a result of its enduring popularity.
In the 12 months to the end of January of last year, the company's cash pile jumped by €4.48m from €46.42m to €50.9m. At the same time, the firm's accumulated profits stood at €63.3m.
The directors' pay for the Jacksons is not disclosed for last year - however, in the prior year they paid themselves over €10,000 per week when they shared €611,786 in pay.
Numbers employed by the firm remained static at 193. Staff costs totalled €3.75m.