Latest news with #O'Donoghues(MerrionRow)Ltd
Sunday World
25-04-2025
- Business
- Sunday World
Huge surge in profits at popular Dublin pub thanks to the Taylor Swift effect
New accounts filed by the Barden family-owned O'Donoghues (Merrion Row) Ltd show that the business recorded the €902,887 post-tax profits in the 12 months to the end of last June after recording post-tax profits of €215,886 in the previous year. Taylor Swift brought her Eras Tour to the Aviva Stadium in Dublin last year. Photo: Getty The firm behind one of Ireland's best-known pubs, O'Donoghue's on Merrion Row, Dublin, benefited from Taylor Swift concerts and Irish rugby matches as profits increased more than fourfold to €902,887 last year. New accounts filed by the Barden family-owned O'Donoghues (Merrion Row) Ltd show that the business recorded the €902,887 post-tax profits in the 12 months to the end of last June after recording post-tax profits of €215,886 in the previous year. The pub enjoyed a bumper year as 150,000 Taylor Swift fans descended on the nearby Aviva stadium last June 28, 29 and 30. The pub also benefited from three Six Nations internationals in the early part of last year. This year, the business will benefit as Dua Lipa and Lana Del Rey perform at the Aviva stadium. The accounts – signed off by directors, Oliver Barden and Marie Barden on April 9 – show that at the end of last June, the company was sitting on accumulated profits of €2.5million. The profit last year takes account of non-cash depreciation costs of €242,898. At the end of last June, the company had shareholder funds of €9.94m that included the accumulated profits of €2.5m and a revaluation reserve of €7.42m. The company's cash funds plummeted from €2.16m to €840,145, and this coincided with the company re-investing once more in the business last year. The accounts show that the value of the company's tangible assets last year increased from €7.3m to €9.9m and this was mainly due to the addition of land and buildings freehold that had a book value of €2.86m. Pay to directors last year reduced from €345,000 to €316,000. The pub is owned and operated by the Barden family and numbers employed remained at 22 during the year. The abridged accounts do not provide a revenue figure for the year, but do disclose that the company made a dividend payout of €54,375. Underlining the buoyant year enjoyed by the business, the amount owed under taxation and social welfare doubled from €374,660 to €760,003. The pub has long been associated with traditional Irish music, and The Dubliners in particular, who began to play at the pub in the 1960s. Bruce Springsteen has also been a visitor. The premises was built in 1789 and began operating as a full-time pub in 1934 when Maureen and Paddy O'Donoghue began running the bar. Oliver Barden bought the pub in 1988.
Irish Independent
25-04-2025
- Business
- Irish Independent
Huge surge in profits at popular Dublin pub thanks to the Taylor Swift effect
New accounts filed by the Barden family-owned O'Donoghues (Merrion Row) Ltd show that the business recorded the €902,887 post-tax profits in the 12 months to the end of last June after recording post-tax profits of €215,886 in the previous year. The pub enjoyed a bumper year as 150,000 Taylor Swift fans descended on the nearby Aviva stadium last June 28, 29 and 30. The pub also benefited from three Six Nations internationals in the early part of last year. This year, the business will benefit as Dua Lipa and Lana Del Rey perform at the Aviva stadium. The accounts – signed off by directors, Oliver Barden and Marie Barden on April 9 – show that at the end of last June, the company was sitting on accumulated profits of €2.5million. The profit last year takes account of non-cash depreciation costs of €242,898. At the end of last June, the company had shareholder funds of €9.94m that included the accumulated profits of €2.5m and a revaluation reserve of €7.42m. The company's cash funds plummeted from €2.16m to €840,145, and this coincided with the company re-investing once more in the business last year. The accounts show that the value of the company's tangible assets last year increased from €7.3m to €9.9m and this was mainly due to the addition of land and buildings freehold that had a book value of €2.86m. Pay to directors last year reduced from €345,000 to €316,000. The pub is owned and operated by the Barden family and numbers employed remained at 22 during the year. The abridged accounts do not provide a revenue figure for the year, but do disclose that the company made a dividend payout of €54,375. Underlining the buoyant year enjoyed by the business, the amount owed under taxation and social welfare doubled from €374,660 to €760,003. The pub has long been associated with traditional Irish music, and The Dubliners in particular, who began to play at the pub in the 1960s. Bruce Springsteen has also been a visitor. The premises was built in 1789 and began operating as a full-time pub in 1934 when Maureen and Paddy O'Donoghue began running the bar. Oliver Barden bought the pub in 1988.
Irish Times
24-04-2025
- Business
- Irish Times
Profits soar at Dublin's famous O'Donoghue's pub
Profits have soared at O'Donoghue's Bar on Merrion Row in Dublin, one of Ireland's best known pubs. The company recorded post-tax profits of €902,887 in its last financial year. Annual accounts filed by O'Donoghues (Merrion Row) Ltd, owned by the Barden family, including publican Oliver Barden, show the company recorded a profit for the second year in a row following a period of sustained losses during the Covid-19 pandemic. Dividends of €54,375 were paid to shareholders during the company's financial year ending June 30th 2024. It had also recorded a profit of €215,886 in 2023 as the hospitality sector experienced a resurgence in the aftermath of pandemic lockdowns. READ MORE At the outset of Covid-19, the company had recorded losses of €172,182 in June, 2021, and of €286,623 in June of the following year. Bouncing back since then, accumulated profits stood at more than €2.5 million by June last year, according to the accounts which were signed off by the company's directors Oliver and Marie Barden. Employee headcount at the famous bar – where the Dubliners first began playing – remained constant at 22, while directors' remuneration fell slightly on the previous financial year, from €345,000 to €316,000. The company's tangible assets increased from €7.3 million in June 2023 to €9.93 million in their last accounts, in which they accounted for depreciation of €242,898. That includes an investment property worth €1.3 million. The abridged accounts do not provide a revenue figure for the year. The storied bar began as an unlicensed drinking establishment in the 18th century before later operating as a legal establishment. During the 1960s, under the ownership of Paddy and Maureen O'Donoghue, it became a hub for traditional Irish music with the Dubliners becoming a regular fixture. The Barden family acquired the 15 Merrion Row establishment in 1988 and has been running it since then.
