Copper Face Jacks parent firm’s pre-tax profits drop

PRE-TAX profits at the Jackson Court Hotel in Dublin, home to Copper Face Jacks nightclub, last year dropped by 8% to €6.8 million.

Documents just lodged by Breanagh Catering Ltd with the Companies Office show that gross profits at the company increased by 1.5% to €7.6 million in the 12 months to the end of January of this year.

The figures show that the company also benefited from “other operating income” totalling €4.4m and this was 8% down on the €4.8m secured in “other operating income” in 2008.

The Jackson Court located on Dublin’s Harcourt Street generates much of its revenue from its bar and nightclub business at Copper Face Jacks. It is owned by former garda, Cathal Jackson.

Last year’s profits increased the company’s accumulated profits to €38.1m, while the company has strong cash reserves totalling €26.5m.

The returns show that the numbers employed by the company last year increased by 6 to 172 with staff costs totalling €2.83m. The figures show that the company employs 167 in retailing and 5 in administration.

The figures show that directors, Cathal Jackson and Paula Jackson took a drop in salary last year, with their aggregate salaries decreasing by 9% from €619,430 to €559,040.

The returns show that the company’s fixed assets at the end of January last were valued at €12.1m with the company’s freehold premises valued at €11m.

The company achieved its pre-tax profits after accounting for €474,289 in depreciation costs and €1.3m in administrative costs. The company did not pay a dividend last year and according to the directors, the company “plans to continue its present activities and to increase turnover’’.

The figures show that the company paid €1.1m in tax last year on its profits.