'Decline in the market' sees profits at Reardens group fall sharply ahead of sale to European buyer 

Group recorded turnover of €12.6m in the twelve months to March, down from almost €18m in the previous year 

Rearden’s on Washington Street includes Le Cabaret and the Secret Garden nightclub venues on its upper floors. Pic: Larry Cummins.

A fall in customer numbers saw turnover at the Reardens group fall significantly last year, with ongoing inflation pressures resulting in subdued demand. 

Latest consolidated financial statements from Reardens of Washington Street Ltd show turnover in the 12 months ending in March 2024 fell to €12.6m, down from almost €18m in the previous year.