On-trade

Wintergreen pre-tax profits down

Pre-tax profits at Wintergreen Holdings Ltd, the holding company for developer Paddy McKillen’s hospitality & investment business, fell to €9.2 million in the year to the 31st of December 2018 from €19.4 million the previous year.
Operating Profits at Wintergreen Holdings, which includes the Press Up Entertainment Group of outlets with a portfolio including the Liquor Rooms and the Vintage Cocktail Club, fell 41% to €11.2 million from €19.0 million the previous year.

Operating Profits at Wintergreen Holdings, which includes the Press Up Entertainment Group of outlets with a portfolio including the Liquor Rooms and the Vintage Cocktail Club, fell 41% to €11.2 million from €19.0 million the previous year.

But the company enjoyed a 7.6% rise in turnover to €81.8 million in 2018 from €76.0 million the previous year.

Operating Profits at the company, which includes the Press Up Entertainment Group of outlets with a portfolio including Everleigh, the Liquor Rooms and the Vintage Cocktail Club, fell 41% to €11.2 million from €19.0 million the previous year.

Directors Paddy McKillen, Liam Cunningham and Diarmaid Mullarkey employ some 1,373 staff in the group, up from 2017’s figure of 847.

These comprise two directors, 162 admin & support staff (up from 103 in 2017) and 1,209 bar, restaurant and hotel staff (up from 742).

Wintergreen’s overall payroll costs ran to €24.4 million, up 27% from €19.2 million in 2017.

 

 

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