- Pre-tax profits at Hillbreak Ltd increased by 46.4% to €9.6m for the year ending October last
- Revenues rose 16% to €38.35m with average weekly revenues of €767,041
- Staff costs increased to €8.06m while employee numbers remained at 92
- Shareholder funds totalled €46.35m including cash reserves of €24m
- Planning permission granted for 43-bedroom hotel on Dame Street and Eustace Street
The owner of Dublin’s iconic Temple Bar pub has reported pre-tax profits of €9.6m for the last financial year, representing a 46.4% increase on the previous year’s figure of €6.56m. Hillbreak Ltd, the hospitality group controlled by Tom Cleary, has seen revenues climb 16% from €33.12m to €38.35m in the 12 months to the end of October last, with average weekly revenues reaching €767,041.
The consolidated accounts filed by the group reveal operating profits increased by 27% from €9m to €11.46m, with net interest payments of €1.82m reducing the figure to a pre-tax profit of €9.61m. The group recorded a post-tax profit of €8.29m after incurring a corporation tax charge of €1.3m. Staff costs rose from €7.53m to €8.06m while employee numbers remained constant at 92, and directors’ pay stayed at €300,000.
The company’s shareholder funds totalled €46.35m at the end of October, comprising a share premium account of €22.2m and accumulated profits of €24.35m, with cash reserves of €24m. Hillbreak, incorporated in May 2022, counts Temple Inns Ltd as one of its subsidiaries. In May of this year, Dublin City Council granted planning permission to Mr Cleary’s Chambers Properties Ltd for a 43-bedroom hotel on Dame Street and Eustace Street in Temple Bar.
