On-trade

€1.5m loss at Copper’s

Pre-tax losses at Copper Face Jacks - mostly closed since March 2020 - totalled €1.51 million in the year to the 31st of January 2021, well down on the previous year's pre-tax profit figure of €2.5 million.

 

 

Revenue was down 9.5% at the nightclub to €13.23 million from €14.63 million as Operating Profits for the Cathal and Paula Jackson-owned enterprise dropped by 6% to €3.61 million from €3.94 million.

In the few weeks between the end of January 2020 and the general closure of hospitality in March of that year until the 31st of January 2021, Copper’s bar & nightclub sales were responsible for €977,306.

The year before that pre-tax profits hit €3.8 million.

Thanks to Covid, turnover at the Dublin nightclub fell during the year to the 31st of January 2021 by over 90% to €1.1 million from €11.6 million according to the Annual Report & Financial Statements of Breanagh Catering, Copper’s parent company.

In the few weeks between the end of January 2020 and the general closure of hospitality in March of that year until the 31st of January 2021, Copper’s bar & nightclub sales were responsible for €977,306, with the remainder coming from accommodation sales since the holding company also operates the Jackson Court Hotel where Copper’s is located.

As a result, the Cathal & Paula Jackson-owned company suffered an Operating Loss of €1.5 million where Operating Profits of €2.5 million had been declared the previous year.

The number of employees (including the two Directors) fell from 173 to 80, thus halving staff costs from just under €4 million to just under €2 million, with the two directors taking out €381,393 in remuneration, down by just over a fifth from the previous year’s remuneration figure of €485,142.

 

 

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