Monday 23 April 2018

Copper Face Jacks coins it in as firm's profits soar to €72m

The club on Dublin’s Harcourt Street remains hugely popular
The club on Dublin’s Harcourt Street remains hugely popular

Gordon Deegan

The millions continued to roll in last year for the company behind the country's best-known nightclub, Copper Face Jacks, as accumulated profits at the firm soared to €72m.

In another stellar year for the company that operates Copper Face Jacks on Dublin's Harcourt Street, Breanagh Catering recorded pre-tax profits of €5.16m - or just under €100,000 a week.

Boosted by the Dubs' All-Ireland senior football win and a booming night-time scene in the capital as the economic recovery has taken hold, the cash pile at the Coppers firm last year jumped by €5.1m, from €54.79m to €59.84m.

The company enjoyed the increase in pre-tax profits after its gross profit - including unspecified "other operating income" - increased by 8.5pc, going from €11.35m to €12.32m in the 12 months to the end of January 31 this year.

The €5.1m in pre-tax profits compares with €5m in 2015; €4.9m in 2014 and €5.5m in 2013.

Last year, the company's accumulated profits increased from €67.58m to €71.96m.

The club - which is owned by former garda Cathal Jackson and housed in the Jackson Court Hotel - has long since entered Dublin night-time folklore and has amassed the massive cash pile as a result of its enduring popularity.

The nightclub opened in 1995 and while a number of new entrants have joined the lucrative Dublin night-time scene in recent years, the directors of Breanagh state "the company is proactive in trying to stay ahead of competition".

To that end, the business spent €782,502 last year on acquiring assets, following the €1.4m spent in 2015. In the year under review, the nightclub's profile was given a boost with 'The Late Late Show' host Ryan Tubridy decamping there in a post-show visit with Olympic heroes Gary and Paul O'Donovan and Annalise Murphy.

Irish Independent

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