Profits drop 8pc at Copper Face Jacks hotel
Published 11/12/2010 | 05:00
Pre-tax profits at the Jackson Court Hotel in Dublin, home to Copper Face Jacks nightclub, last year dropped by 8pc to €6.8m. Documents just lodged by Breanagh Catering with the Companies Office show gross profits at the firm increased by 1.5pc to €7.6m in the 12 months to the end of January of this year.
The company also benefited from 'other operating income' totalling €4.4m, down 8pc on the €4.8m secured in 2008.
The Jackson Court Hotel, located on Dublin's Harcourt Street and owned by former garda Cathal Jackson, generates much of its revenue from its bar and nightclub business at Copper Face Jacks. Last year's profits increased its accumulated profits to €38.1m, while there are strong cash reserves totalling €26.5m.
The returns show the numbers employed by the firm last year increased by six to 172 with staff costs totalling €2.83m. The figures show the company employs 167 in retailing and five in administration.
Directors Cathal Jackson and Paula Jackson took a drop in salary last year, with their aggregate salaries down 9pc from €619,430 to €559,040.
The returns show fixed assets were €12.1m with the company's freehold premises valued at €11m. It achieved its pre-tax profits after accounting for €474,289 in depreciation costs and €1.3m in administrative costs.
The firm did not pay a dividend last year and paid €1.1m in tax on its 2009 profits.