Business Irish

Friday 28 October 2016

Krystle club firm set to pull in €300,000 a week

Gordon Deegan

Published 11/12/2015 | 02:30

Krystle nightclub on Dublin's Harcourt Street. Pic: Arthur Carron/Collins.
Krystle nightclub on Dublin's Harcourt Street. Pic: Arthur Carron/Collins.

THE business that houses Dublin's Krystle nightclub is set to record revenues of almost €300,000 per week this year.

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New accounts filed by Triglen Holdings for the Russell Court Hotel - which houses Krystle and Dicey's pub - show that the business is on course to enjoy revenues of €15.35m this year.

Revenues were boosted by One Direction members Niall Horan and Louis Tomilson hosting an exclusive party in Krystle's penthouse section in October after one of their sell-out concerts at the Three Arena.

Triglen Holdings had revenues of €13.67m last year and its directors state that they anticipate that revenues will rise by 12pc this year. The accounts show the firm recorded pre-tax profits of €670,709 last year.

The figures show that directors Ramanathan Arulchelvan and Eileen Wright last year paid themselves €769,002.

According to the directors' report, the revenues reflect "the continued investment into all areas of the business operating a quality entertainment product to the public having established three of the best known night-clubs, Krystal, Diceys and Bond over 30s together with a busy lunch time trade at Dicey's".

Numbers employed by the business last year rose from 141 to 146 with staff costs increasing from €4.12m to €4.35m. The firm's property has a book value of €22.15m while the profits take account of non-cash depreciation costs of €577,652.

Irish Independent

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