Losses are mounting at Quinn firm
ACCUMULATED losses at the healthcare retail firm owned businessman Tony Quinn increased by €567,844 last year.
According to accounts filed by Tony Quinn Health Centres Ltd (TQHC) to the Companies Office, they show that accumulated losses increased by €567,844 from €2.99m to €3.56m in the 12 months to the end of September last.
The increase in accumulated losses last year resulted in shareholders' funds decreasing from €1.13m to €571,356.
The company operates a chain of outlets across the country; Mr Quinn opened the first store in Dublin in 1976.
A note attached to the accounts states that "the directors have a reasonable expectation, that the company has adequate resources to continue in operational existence for the foreseeable future".