Good pre-covid 17 months at Orsen

Pre-tax profits at Orsen, the group behind Pady McKillen’s hospitality vehicle, totalled nearly €1.3 million over a 17-month period to the 31st of May 2020 according to a financial statement filed with the Companies Office.

 

 

The figure for the 12 months to the end of 2018 had been €887,929.

Turnover at Orsen, the ultimate holding company for a number of prestigious Dublin outlets including those in the Press-Up Entertainment group portfolio, totalled €99.63 million for the 17 months beginning in January 2019 where the previous 12-month accounting period had seen turnover of €70.96 million.

Orsen enjoyed an Operating Profit of over €3 million for the 17-months. In the 12 months before this period, it had seen an Operating Profit of €2.35 million.

Staff costs at the company (including those of the two directors) totalled €43.85 million for the 17 months for a staff complement of 1,200 bar, restaurant & hotel staff (12-month figure for 2018: 1,209), 159 management, administration and support staff (2018 12-month figure: 154).

Directors remuneration amounted to over €1 million over the 17 months compared to €209,038 for the 12 months before that.