Saturday 19 October 2019

Cooking up a profit: Virginia 'gamble' pays off for Corrigan

Individual: The Virginia Park Lodge in Co Cavan
Individual: The Virginia Park Lodge in Co Cavan

Gordon Deegan

A 20pc increase in revenues at Richard Corrigan's Virginia Park Lodge business in Co Cavan, pictured right, last year contributed to his UK and Irish restaurant group returning to a pre-tax profit.

Revenues at the celebrity chef's Irish business last year increased to £2.67m (€3m) from £2.2m.

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The accounts for Richard Corrigan Restaurants (Holdings) Ltd show that the business recorded a pre-tax profit of £25,161 in 2018, after a pre-tax loss of £397,753 in 2017. Overall revenues - which include the performance of Bentley's Oyster Bar and Grill, Corrigan's Mayfair and Bentley's Sea Grill at Harrods in London - decreased by 4pc to £10.54m. Mr Corrigan said: "The investment at Virginia was a gamble but I am very pleased with how the business is doing there."

Irish Independent

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