Tuesday 23 January 2018

Firm that fed TV's 'Nidge' sees healthy increase in profits

Some of the stars of RTE’s hit TV show ‘Love/Hate’
Some of the stars of RTE’s hit TV show ‘Love/Hate’

Gordon Deegan

Feeding Nidge and the other screen gangsters of RTE's 'Love/Hate' proved to be lucrative business for Fitzers Catering in 2013.

That is according to accounts filed by Fitzers Catering that show pre-tax profits increased by 36pc to €1.18m in 2013.

The Savage Food Company, which is part of Fitzers Catering, provided the catering for the filming of the final series of 'Love/Hate'.

The Fitzers Catering business achieved the increase in profits in spite of gross profit declining marginally by 6pc to €10.3m.

Numbers employed by the catering firm averaged 1,215 in 2013 with staff costs at €4.9m.

Aggregate remuneration to the firm's directors, Barry Storey, Sharon Fitzpatrick, Paula Fitzpatrick, Noeleen Sharkey and Leonard Fearon increased from €403,678 to €497,610.

Separate accounts filed for the Fitzers restaurant business show that it recorded a post-tax loss of €94,208 in 2013.

According to accounts filed by Fitzers Holdings, the business recorded the loss after recording a profit of €226,760 in 2012.

The consolidation balance sheet for the restaurant business show its accumulated profits reduced from €1.043m to €949,093 in 2013.

The loss includes non-cash depreciation and amortisation costs of €118,804.

The group's business includes two joint ventures with celebrity chef, Marco Pierre White.

The Fitzers Holdings results include the accounts of Fitzers Donnybrook Ltd; Fitzers Temple Bar Square Ltd; Fitzers Dawson Street and Chatham Restaurant Ltd.

The directors of the holding company are listed as Padraic, Geraldine and Frank Fitzpatrick, Desmond Barker and Tony Keogh.

Irish Independent

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