On-trade

Milltown Inns turnover falls 43%

Bar & Restaurant turnover at Milltown Inns, the holding company for Charlie Chawke’s Dropping Well pub in Milltown, fell 43% to €5.8 million in the year to the 31st of October 2020 from over €10 million the previous year according to a Consolidated Financial Statement from the company.

 

Bar & Restaurant turnover at Milltown Inns, the holding company for Charlie Chawke’s Dropping Well pub in Milltown, fell 43% to €5.8 million in the year to the 31st of October 2020 from over €10 million the previous year

Bar & Restaurant turnover at Milltown Inns, the holding company for Charlie Chawke’s Dropping Well pub in Milltown, fell 43% to €5.8 million in the year to the 31st of October 2020 from over €10 million the previous year

The pandemic obviously played a significant part in the Milltown Inns turning in a pre-tax loss of €279,801 where it had enjoyed pre-tax profits of €795,790 the previous year.

At €124,190 Operating Profits were down nearly 90% on the €1.13 million figure the year before.

According to the directors, “Management closed its business premises on 15th March 2020 in accordance with government restrictions. The business reopened on 29th June 2020 under strict public health guidelines until they were forced to close again in October 2020”.

Staff numbers were also reduced by 50 during the year from 154 to 104 with the numbers in the Bar & Restaurant section dropping from 145 to 98 and those in Admin reducing from seven to four.

This led to a 34% reduction in wages, salaries and social insurance costs for the enterprise to €2.6 million from €3.9 million.

Remuneration for Milltown Inns’ two directors, Bernice and Charlie Chawke, came to €32,798. The previous year it had been €47,949.

 

 

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