Michelin-starred restaurant savours improved fortunes
Published 16/08/2014 | 02:30
The Michelin-starred restaurant, l'Ecrivain, owned by Derry and Sallyanne Clarke last year enjoyed a turnaround in fortunes.
New accounts show that the firm that operates the restaurant, Sudberry Trading, reduced its accumulated losses after a number of years of accumulated losses increasing.
The figures show that accumulated losses reduced from €734,816 to €732,243 in the 12 months to the end of August 31 last.
The reduction also takes account of non-cash depreciation costs of €93,955, showing that the business was cash positive to the tune of over €95,000 last year.
The accumulated losses are largely mainly made up of substantial non-cash depreciation costs over the years and loans totalling €409,620 the Clarkes made to the firm in order to prop up their business.
During the year under review, the Clarkes' lives were shattered when their only son, Andrew, took his own life in late December 2012.
"2013 was a better year for L'Ecrivain and for the restaurant business in Dublin generally," said the couple in a statement.
"There are signs of recovery in the economy, and we and everyone in the restaurant business will all benefit from that.
"It looks as if the growth we experienced in the restaurant in 2013 will continue throughout 2014. We have worked hard over the past 25 years in l'Ecrivan to obtain and maintain the Michelin Star and it continues to be very important to us."
"There is plenty of very good competition in the market place and customers dining out are looking for value for money and a good deal.
"We have always aimed to ensure that all our customers enjoy the experience of dining at L'Ecrivan and that they feel that they got value for their money," they added.