Tizzard Holdings Unlimited Company, which operates JP McManus’s Adare Manor Hotel resort, reported a loss in 2023, as indicated by an auditor’s report lodged with the Companies Office.
Despite the loss, BDO auditors indicated that the company’s use of going concern accounting is appropriate and that there are no significant doubts regarding its ability to continue operations for at least 12 months.
This loss marks a shift from past years where financial performance was not explicitly stated, with the 2018 auditor report also confirming a loss.
Adare Manor remains popular, with high demand for rooms reflecting a buoyant business, while JP McManus has invested heavily in the resort, making it a top-rated luxury destination.
