Good nights for Lillie's Bordello as club profits hit €2.8m
Business at celebrity haunt Lillie's Bordello was booming last year as profits of €2.8m were recorded for the year at the Dublin club.
New accounts for Noyfield Ltd, the firm behind Lillie's Bordello and the adjoining Porterhouse Central bar, show that it recorded the €2.8m profit in the 12 months to the end of February 28 last.
It reported a loss of €206,283 in the prior year.
Separate accounts for Iskasinc Ltd, which operates the Porterhouse Pub on Dublin's Parliament Street, show that the business also enjoyed a bumper year with profits of €1.3m in the year to the end of February last.
This followed profits of €213,566 in 2015/2016.
The Porterhouse Group was co-founded by the late Oliver Hughes (55) who passed away suddenly at his home from a suspected heart attack in July 2016.
Set up more than 25 years ago, the Porterhouse Group now employs over 500 people across its pub network in Dublin, London and New York. The group incorporates seven bars, five restaurants, Lillie's Bordello, the Dingle Distillery and its brewing operations.
The group benefited from its brewery coming on board during the year which has allowed the business to grow its beer sales domestically.
Accumulated profits at Noyfield Ltd at the end of February last totalled €4.4m. The firm's cash pile increased going from €1.23m to €1.96m.
Numbers employed remained at 48 with staff costs totalling €1.68m.