Clohessy bar ‘crucified’ by roadworks
Mr Clohessy was commenting yesterday on new accounts showing that accumulated losses at the company, Clohessy’s Bar Limerick Ltd that operates his pub and nightclub increased by €180,495 from €323,644 to €504,139 in the year to the end of August 2012.
However, Mr Clohessy said that the loss arose from non-cash items including depreciation and the firm recorded a cash profit for the year.