On-trade

Dropping Well posts €1.37m pre-tax profit

The holding company for Charlie Chawke’s Dropping Well pub in Milltown, County Dublin, Milltown Inns, saw turnover decrease again in the year to the 30th of October 2021 to €5.52 million (down 4%) according to its Consolidated Financial Statement.

 

Despite the lower turnover figure, Milltown Inns recorded a pre-tax profit of €1.37 million compared to a pre-tax loss of nearly €280,000 the year before.

Despite the lower turnover figure, Milltown Inns recorded a pre-tax profit of €1.37 million compared to a pre-tax loss of nearly €280,000 the year before.

 The previous year had seen a turnover of €5.75m.

But despite the lower turnover figure, Milltown Inns recorded a pre-tax profit of €1.37 million compared to a pre-tax loss of nearly €280,000 the year before.

Operating Profit at €1.71 million was considerably up on the previous year’s €124,190 figure.

Staff numbers were further reduced by 10 to 94 in the year comprising 88 bar and restaurant staff (down 10), two management staff and four admin staff.

This helped reduce the staffing bill by 18% from €2.59 million down to €2.13m.

The company’s two directors – Charlie & Bernice Chawke – took €41,340 in remuneration, down 6% from the 2020 figure of €43,798.

 

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