Thus Drayton Holdings incurred a pre-tax loss of €1.6 million for the year compared to the previous year’s pre-tax profit figure of €4.9 million as it reduced its staff (which includes the two Directors Martin and Martina Keane) from 91 to 41 with a cut of 35 bar staff down to 16 and 16 hotel staff from 33 down to 17 for the year. The company also took on one staff member in Admin bringing the section up to five.
All this led to a saving of nearly €3 million in staff costs as the payroll fell from €3.4 million to €439,669.
Directors’ remuneration fell from €454,000 to €217,200 for the year.
Drayton House Holdings is also involved in hostels, construction and investment activities.