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Revenues rise at Skeffington Arms after 'superb year'

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The Skeffington Arms Hotel in Galway

The Skeffington Arms Hotel in Galway

The Skeffington Arms Hotel in Galway

THE Skeffington Arms hotel in Galway recorded pre-tax profits of €319,542 last year after a "superb year" for the business.

Revenues increased by 17pc to €7.29m in the 12 months to the end of September last.

The company's directors described the 2018 performance as "outstanding".

They state that they expect growth in the foreseeable future.

The company's fixed assets were also revalued during the year showing a €3m gain in value. The hotel business also includes the operation of the Skeff late bar and the DNA nightclub. Numbers employed by the business stood at 97 with staff costs totalling €2.7m.

Directors pay increased marginally to €281,913.

Separate accounts for a sister hotel firm, Callanan Hotel Ltd which operates the Prince of Wales hotel in Athlone, show that it recorded operating profits of €311,129 in the 12 months to the end of September last.

This followed revenues dipping marginally from €4.68m to €4.58m.

The accounts show that the business recorded revenues of €1.65m from its Karma nightclub while hotel and bar revenues stood at €2.92m.

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