Monday 22 January 2018

Bunratty Castle firm’s gross profits hit €7m

Bunratty Castle & Folk Park
Bunratty Castle & Folk Park
Iconic attraction: China’s then vice president Xi Jinping with Finance Minister Michael Noonan (left) and Tanaiste Eamon Gilmore (right) at Bunratty Castle during a visit by a Chinese group to Ireland last year.

Gordon Deegan

The firm that operates Bunratty Castle, and a host of other tourist attractions, returned to profit last year.

New figures show that Shannon Castle Banquets & Heritage Ltd recorded a pre-tax profit last year of €65,079 after gross profits increased 3.5pc to €7m.

Accounts just filed with the Companies Office show that the numbers attending the firm's attractions topped 800,000 last year. The firm employs

260 people over the summer and the figures show that Bunratty Castle and Folk Park continues to be the company's flagship attraction with 286,270 visiting the castle in 2012. Visitor numbers across the attractions increased by 3pc. Shannon Heritage chief executive John Ruddle said that Shannon Heritage “was very pleased with its 2012 performance”.

“2013 was the best year since the economic downturn began. We saw a slight turnaround in 2012, then 2013 was better still and 2014 is looking very positive.” The firm has formed part of the Shannon Development

group over the years – and with the abolition of Shannon Development through the new Shannon airport group of firms, Shannon Heritage is to be part of the Shannon airport group.

“It is good news for the future of Shannon Heritage. We will be focusing more on trying to get passengers to access Ireland through Shannon airport,” Mr Ruddle said.

The firm had shareholder funds totalling €448,190. The firm's cash increased during the year from €329,228 to €827,913.

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