Ashford Castle records pre-tax losses of €39 million for 2008 and 2009

ONE of the country’s best known hotels, the five-star Ashford Castle in Co Mayo recorded combined pre-tax losses totalling €39 million in 2009 and 2008.

Accounts just filed by Ashford Castle Estate Ltd, (ACEL) show that €35m of the losses are as a result of an impairment writedown on the company’s fixed assets.

Filings for 2009 and 2008 have just been filed to the Companies Office and they show that ACEL recorded a pre-tax loss of €16.1m in 2009 and this followed a pre-tax loss of €23.1m in the 13 months to the end of December 2008.