Pre-tax losses at the company that operates the four-star Fitzpatrick’s Killiney Castle hotel in Dublin last year increased by 12 per cent to €384,983. The 18th century, 113-room hotel is owned by Eithne Scott-Lennon – her brother, and well-known hotelier, John Fitzpatrick runs two Fitzpatrick hotels in New York.
The accounts show that the hotel recorded a modest operating profit of €4,678, but interest payments of €391,109 resulted in the pre-tax loss in the 12 months to the end of September 29th last. The pre-tax loss follows a pre-tax loss of €343,671 in 2010. The numbers employed by the company last year increased from 124 to 127 with staff costs reducing from €3.2 million to €3.1 million. The staff costs last year included €17,918 in redundancy costs. The figures show that Ms Scott Lennon along with two other directors shared remuneration of €335,687 last year – an increase on the aggregate remuneration of €308,379 in fiscal 2010. The company’s shareholder funds totalled €3.9 million at the end of September last and it had bank loans of €10 million.