Fitzwilliam Hotel group records profit of €1.9m

The group that operates the five-star Fitzwilliam Hotel and the Bailey pub in Dublin returned to profit last year, recording a pre-tax surplus of €1.9m.

Newly-filed accounts for Ampleforth Ltd show that the group returned to profit after revenues increased by 8.5% to €29m in the 12 months to the end of last December. The pre-tax profit of €1.9m followed the firm recording a pre-tax loss of €15.9m in 2012, which arose from exceptional costs relating to the re-organisation of the group.

The group also operates Irish Welcome Tours Ltd, an incoming tour business, and the return to profit follows the directors of the group, at the end of 2012, undertaking a significant restructuring and refinancing of the overall business.