Operating profits at Yelsea Ltd, operating Denis O’Brien’s Ballynahinch Castle, fell 30pc to €307,122 despite a 6pc revenue rise to €9.02m.
The firm recorded a pre-tax loss of €448,052 after €755,174 in interest, including €461,124 on a €15.37m shareholder loan. Staff numbers grew from 97 to 102, with staff costs rising from €3.36m to €3.63m.
The company invested €2m in tangible assets, with fixed assets valued at €18.37m by end-2024.
Directors, including Catherine O’Brien, are satisfied with performance despite challenging trading conditions.
The Directors’ report shared: “The principal risk and uncertainties are the continuing inflationary pressures on costs, global instability and unfavourable exchange rate movements that could impact international travel, particularly from the US, and any potential slowdown or contraction in the Irish economy in the future.”
