Business Irish

Friday 15 November 2019

Scaling up: Shanahan's seafood makes tasty profits

Martin Shanahan
Martin Shanahan

Gordon Deegan

TV chef Martin Shanahan's Fishy Fishy restaurant in Kinsale served up a double helping of pre-tax profits last year, taking home over €429,000. This followed pre-tax profits of €211,228 in 2017.

New accounts filed by Mr Shanahan's Kinsale Gourmet Store Ltd show that accumulated profits at the company last year increased to €2.418m.

The Kinsale company's cash pile increased by over €50,000 to €471,928 at the end of December last.

In 2015, Mr Shanahan added an extension to his renowned restaurant in the harbour town of Kinsale, Co Cork and the investment continued to pay dividends last year.

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Directors' pay decreased to €142,035 - made up of €119,453 in remuneration and €22,582 in pension payments.

Irish Independent

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