Group behind pizza chain sees €3.6m profit

The hospitality group that last year rescued Four Star Pizza recorded profits of €3.6m in 2010, reporting an increase in profitability for last year.

Accounts just filed by the Michael Holland-controlled Gonville Ltd to the Companies Office show that revenues at the group decreased by 35% from €48.3m to €31.3m in the 17 months to the end of December 2010.

The group owns the 5-star Fitzwilliam Hotel on Dublin’s Stephen’s Green that houses the Michelin-starred Thornton’s restaurant and last year the group purchased the Bailey Bar in Dublin city centre along with acquiring the Four Star Pizza master franchise for Ireland and Britain.