New accounts filed by the night club show that its proven winning formula delivered pre-tax profits of €5.5 million last year, or €15,219 every day, or €106,533 every week.
The club — owned by former Garda, Cathal Jackson and housed in the Jackson Court Hotel on Dublin’s Harcourt Street — has long since entered Dublin night time folklore and has amassed a massive cash pile as a result of its popularity.
The new accounts lodged by the night club’s firm, Breanagh Catering Ltd, show that the firm was sitting on a cash pile of €46.29m at the end of January 31 last. The firm’s cash increased by €3.32m from €42.97m during the year.
During the same period — boosted by Dublin’s All-Ireland final football win in September 2013 — the new figures show that the firm’s accumulated profits increased by €4.53m from €54.74m to €59.27m.
However, the operation of the night club was the source of controversy earlier this year after a crush took place outside the club on a January Monday night as a result of a drinks promotion at the venue.
In a note attached to the accounts under the heading of ‘contingent liabilities’, it states “Seven people were injured in a crush outside the premises on January 28th last. Legal action has been taken against the company.”
Mr Jackson and Paula Jackson took a massive pay drop last year, but still paid themselves over €10,000 per week.