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Company Behind Dublin's Fitzwilliam Hotel Records Decrease In Turnover

Published on Sep 4 2020 10:34 AM in Hotel tagged: Trending Posts / Ampleforth / Fitzwilliam Hotel / The Bailey / Glovers Alley

Company Behind Dublin's Fitzwilliam Hotel Records Decrease In Turnover

Accounts just filed by the company behind Dublin's Fitzwilliam Hotel, Ampleforth, have revealed that the firm's turnover decreased by 8% last year to €15.2 million.

Meanwhile, the company's profit after tax decreased by almost €700,000 to just over €3 million, and, at the end of 2019, Ampleforth had tangible assets amounting to €82.2 million, the majority of which was accounted for by The Fitzwilliam Hotel.

Ampleforth also had retained earnings of €36.3 million at the end of last year and total shareholder funds of €72.1 million.

The accounts relate to The Fitzwilliam Hotel and Dublin venues Glovers Alley and The Bailey, as reported by The Irish Independent.

Refinancing Of Senior Debt

Additionally, the accounts note that Ampleforth "has also refinanced its senior debt with AIB for a further period of five years, thereby ensuring that adequate liquidity is available to deal with any COVID-19 related issues."

© 2020 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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