Revenue Up At Lahinch Seaworld
Published on Sep 30 2013 10:26 AM in General Industry
One of County Clare's best known seaside attractions has recored significantly improved revenues. This follows new figures showing that revenues at Lahinch Seaworld and Leisure Centre increase...
One of County Clare's best known seaside attractions has recored significantly improved revenues.
This follows new figures showing that revenues at Lahinch Seaworld and Leisure Centre increased last year ahead of confirmation of funding for a major overhaul of the facility.
Lahinch Seaworld and Leisure Centre was opened in the mid-1990s after a share membership drive across north Co Clare helped fund the venture.
New figures lodged with the Companies Office show the firm increased its revenues last year by 9% from €467,484 to €509,298 due to increased visitor numbers.
Operating losses narrowed sharply from €56,788 to €6,067.
However, after taking into account large non-cash depreciation costs of €120,826, the facility recorded a strong cash-positive performance for 2012.
The boost in financial fortunes coincided with the centre securing financial support for a major overhaul of the centre.
The directors’ report states they have set out a five-year plan to improve the facilities at Lahinch Seaworld. The planned facilities include a new surf centre and a multi-purpose community facility.
The modest loss sustained by the company last year also drew the attention of company’s auditors Deloitte & Touche.