Tuesday 23 May 2017

Ireland's best-known gay venue The George enjoys 'marriage vote' dividend

Iconic Dublin nightspot The George has been at the centre of the city’s gay community since its opening in 1985
Iconic Dublin nightspot The George has been at the centre of the city’s gay community since its opening in 1985

Gordon Deegan

Boosted by the joyous celebrations around the passing of the marriage equality referendum, profits at Ireland's best-known gay venue, The George, soared by €691,227 in 2015.

In May 2015, the iconic bar on Dublin's South West George's Street was the focus of delirious scenes of celebration as the referendum received a definitive endorsement from the Irish public.

Now, accounts filed to the Company Office by the firm Tabulatum Management Ltd, which operates The George, show that its accumulated profits increased from €171,541 to €862,768 in the 12 months to the end of December 2015.

Numbers employed at the pub and nightclub venue increased from 31 to 33 during the year with staff costs totalling €673,436.

The George - now part of the Mercantile Group which counts Whelan's on Wexford Street, Opium, Pichet and Cafe en Seine among its properties - opened in 1985, eight years before homosexuality was legalised in Ireland.

The bar's website boasts that it is the first port of call for young gay people in Ireland and has been the lynchpin that holds Dublin's gay scene together.

The firm's shareholder funds at the end of 2015 totalled €3.5m and this arose chiefly from a revaluation reserve of €2.66m. A value of €7m was put on the firm's tangible assets. The firm owed €4m to creditors.

Irish Independent

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