Showbiz caterers’profits rise 36%

Feeding Nidge and the other screen gangsters of RTÉ’s Love/Hate proved to be a lucrative business for Fitzers Catering in 2013.

Showbiz caterers’profits rise 36%

Accounts filed by the firm with the Companies Office show that pre-tax profits increased by 36% to €1.18m in 2013.

The Savage Food Company, which is part of Fitzers Catering, provided the catering for the filming of the fifth and final series of Love/Hate.

The accounts for Fitzers Catering Ltd show the business achieved the increase in profits in spite of gross profit declining marginally by 6% from €10.99m to €10.3m. Numbers employed by the large scale catering operation averaged 1,215 in 2013 with staff costs declining from €5.23m to €4.9m.

Aggregate remuneration to the firm’s directors — Barry Storey, Sharon Fitzpatrick, Paula Fitzpatrick, Noeleen Sharkey, and Leonard Fearon — increased from €403,678 to €497,610.

Separate accounts filed for the Fitzers restaurant business in Dublin show that it recorded a post-tax loss of €94,208 in 2013.

According to accounts just filed by Fitzers Holdings Ltd, the business recorded the loss after recording a profit of €226,760 in 2012. The consolidation balance sheet for the restaurant business show that the group of firms’ accumulated profits reduced from €1.043m to €949,093 in the 12 months to the end of December 2013.

The group’s business includes two joint ventures with the youngest British chef to win three Michelin stars, Marco Pierre White with restaurants on Dublin’s Dawson St and more recently in Donnybrook.

The group’s cash pile during the year declined from €418,680 to €208,621. At the end of December 2013, the firm owed €3.36m to group companies within one year.

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