‘Fade Street’ bar returned to profit

The well-known Dublin restaurant and pub controlled by entrepreneurs Jay Bourke and John Reynolds that features on RTÉ’s Fade Street series returned to profit in 2010, figures show.

Accounts lodged with the Companies Registration Office by Mercroft Taverns Ltd for the Market Bar on Dublin’s Fade St show the firm recorded a pre-tax profit of €295,087 following a pre-tax loss of €409,002 in 2009.

However, gross profit fell by 15% from €1.92m to €1.62m in the 12 months to the end of Dec 2010.