Losses narrow at hotel group owned by former hurling boss as revenues up

Pre-tax losses at the hotel group led by former All-Ireland winning Wexford hurling manager, Liam Griffin narrowed sharply last year to €572,897 after a 11.5% jump in revenues.

New accounts for 2012 and 2011 filed by the Griffin Group Hotels Ltd to the Companies Office show that the group sustained combined pre-tax losses of €11.6m over the two years.

The €11m loss sustained in 2011 arose chiefly from a write-down of €8.7m in fixed assets. Before the 2011 write-down is taken into account, the group recorded a loss of €2.3m that year.