Latest news with #BecklockLtd
Irish Times
22-07-2025
- Business
- Irish Times
Restaurant Patrick Guilbaud recovers from April revenue dip
Restaurant Patrick Guilbaud , which has two Michelin stars, said on Tuesday it had recovered from a temporary dip in revenue in April due to US President Donald Trump 's tariff announcement. In an interview, co-owner Patrick Guilbaud said that business was steady in 2025 so far with a four to five per cent increase in revenues on last year. 'Business is very steady this year. It is quite good and is better than last year. We are very pleased.' He said that the restaurant continues to aim for a third Michelin star. 'We do the best we can every day and are working very hard.' This year is the restaurant's 44th in business. READ MORE In reference to the impact on business of Mr Trump announcing planned US tariffs at the start of April, Mr Guilbaud said 'after the tariffs in April we had a drop in business for two to three weeks'. Mr Guilbaud made his comments as accounts were filed by Becklock Ltd, trading as Restaurant Patrick Guilbaud, showed post-tax profits of €117,770 for the 12 months to the end of August last. [ Patrick Guilbaud on moving to Dublin in the 80s: I remember asking for garlic at the market. 'Garlic - what do you mean garlic?' Opens in new window ] The post-tax profit of €117,770 was a 30 per cent decrease on the post tax profits of €167,554 for the prior year. The profit last year takes account of non-cash depreciation costs of €292,627 At the end of August last, Becklock Ltd's accumulated profits totalled €2.51 million. The company's cash funds increased from €869,055 to €1.38 million. David McWilliams on how 'big incentives' to build could save Dublin city Listen | 36:51 Staff costs declined from €1.7 million to €1.47 million as numbers employed reduced by one to 37. Directors' pay more than halved from €439,448 to €211,000, consisting of emoluments of €99,000 and pension contributions of €112,000. The restaurant's lunch menu costs €95 per person – the same price as this time last year while A La Carte ranges from €135 to €185 with the eight-course tasting menu costing €275 per person. Mr Guilbaud no longer has a controlling stake in Becklock after transferring almost half of his share to his son, Charles, who is part of the management team. The transfer took place during the 2023/24 financial year Charles has a 25 per cent share in the business as a result and has signed off on the 2024 accounts in his role as a director. Other members of the board are listed as Stefan Robin, Guillaume Lebrun, Martin Naughton, Lochlann Quinn and Kieran Glennon.
Irish Independent
22-07-2025
- Business
- Irish Independent
High-end Restaurant Patrick Guilbaud says trade has recovered after tariffs dip
In an interview, Patrick Guilbaud said that business is steady in 2025 with a 4-5pc increase in revenues on last year. He said: 'Business is very steady this year. It is quite good and is better than last year. We are very pleased." In reference to the impact on business President Donald Trump announcing planned US tariffs at the start of April, Mr Guilbaud said 'after the tariffs in April we had a drop in business for two to three weeks'. Mr Guilbaud made his comments on new accounts filed by Becklock Ltd, trading as Restaurant Patrick Guilbaud, show post tax profits of €117,770 for the 12 months to the end of August last. The post tax profit of €117,770 was a 30 per cent decrease on the post tax profits of €167,554 for the prior year. The profit last year takes account of non-cash depreciation costs of €292,627 At the end of August last, Becklock Ltd's accumulated profits totalled €2.51m. The company's cash funds increased from €869,055 to €1.38m. Staff costs declined from €1.7m to €1.47m as numbers employed reduced by just one to 37. Directors' pay more than halved from €439,448 to €211,000 made up of emoluments of €99,000 and pension contributions of €112,000. Mr Guilbaud said that the restaurant continues to strive for the third Michelin star. He said: 'We do the best we can every day and are working very hard.' This year is the restaurant's 44th year in business and Mr Guilbaud said that a team is in place to make sure that the restaurant can thrive for years to come. The lunch menu at the two Michelin star Restaurant Patrick Guilbaud costs €95 per person - the same price as this time last year while A La Carte ranges from €135 to €185 with the eight course tasting menu costing €275 per person. Mr Guilbaud no longer has a controlling stake in Becklock after transferring during the 2023/24 financial year almost half of his share to his son, Charles who is part of the management team Charles has a 25pc share in the business as a result and has signed off on the 2024 accounts in his role as a director. Other members of the board are listed as Stephen Robin, Guillaume Lebrun, Martin Naughton, Lochlann Quinn and Kieran Glennon.
