Thursday 14 December 2017

Crèche at the centre of RTÉ exposé sitting on €1.5m profits

Links Creche in Malahide: featured on RTÉ documentary
Links Creche in Malahide: featured on RTÉ documentary

Gordon Deegan

The crèche that featured in an RTÉ investigation and was subsequently charged with breaking childcare laws will have little difficulty in paying the €1,000 fine imposed on it.

Accounts filed recently with the Companies Office by Links Crèche and Montessori Ltd, Abington Wood in Malahide, Co Dublin, show that the firm was sitting on profits of €1.5m – accumulated over its 11-year lifetime – at the end of October last.

During the year, the firm’s cash pile increased from €246,713 to €502,629.

However, the firm was loss-making in the year after the RTÉ programme was broadcast in May 2013.

An auditor’s report, lodged for October 2013 to October 2014, confirms the business was loss-making during the period.

The extent of the losses are not disclosed by auditors.

Irish Independent

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