According to Brushfield Ltd, Clarence Hotel saw their accumulated losses fall slightly last year. Losses towards the end of last year were €2.37 million, which is down from own from €2.45 million at the end 2011.
The firm agreed to achieve day-to-day working capital requirements by way of interest-free loans from its shareholders and the support will continue for the foreseeable future.
Shareholders' loans at the end of the year were €769,583.Owners of the Clarence hotel include The Edge, Bono, his wife Ali Hewson and businessmen Paddy McKillen and Derek Quinlan.
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Ronnie Delaney and Liam Cunningham are directors of Bushfield Ltd.