Mosney Village doubles pre-tax profits

THE Mosney Village in Co Meath, run by husband and wife, Phelim and Elizabeth McCloskey, more than doubled their pre-tax profits last year.

The company saw profit before tax increase from €108,956 to €259,733 in the year to October 31, 2010. Turnover in the year was €7.9m, down from €8.8m in the previous year. The earnings per ordinary share were 2.19 cent, while the directors paid an interim dividend of €63,960.

The company accommodates 600 residents on a full-board basis in a range of houses and apartments and discussions with the Department of Justice are taking place regarding their ongoing accommodation requirements for asylum seekers.