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K Club Parent Company Records €3.1m Loss

By Dave Simpson
K Club Parent Company Records €3.1m Loss

New accounts filed for K Club group parent company Bishopscourt Investments have revealed that the firm experienced a €3.1 million loss in 2017.

The company's net losses were down from €4.9 million the previous year. Meanwhile, the company's operating loss dropped to €1 million from €2.8 million after The K Club's revenues rose by over €2 million to €18.8 million.

K Club Sale

The K Club hit the market for €80 million in July of 2018.

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According to The Irish Times, a note included with the newly-filed accounts said, "As of [June 20, 2019], no agreement is in place with any prospective purchaser for the acquisition of the business."

© 2019 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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