Blarney group incurs a loss

A PRE-TAX loss of €128,055 incurred by a subsidiary of Blarney Woollen Mills contributed to the group making an overall loss last year.

The group operates Bunratty Shopping Village in Co Clare. New figures for the hotel and leisure centre show the company recorded the loss after revenues decreased 9% to €4 million in the 12 months to the end of January this year. Last year’s loss follows the company recording a pre-tax profit of €253,129 in 2009.

The Blarney Woollen Mills Group doesn’t file annual accounts as it is an unlimited company. However, an auditor’s report lodged by KPMG confirms the group did record a loss in the 12 months to the end of January.