Profits at the flagship pub and restaurant business operated by Declan O’Regan increased last year by 5% to €967,962.
Accounts for the 12 months to the end of May 2015, filed by O’Regan’s Telfer Ltd which operates Hogan’s and L’Gueuleton restaurant on Dublin’s South Great George’s St, show that the firm’s pre-tax profits increased from €919,507 to €967,962.
Mr O’Regan is a brother of the late publican Hugh O’Regan.
The figures show that the firm’s gross profits also increased — from €5.24m to €5.3m — but recorded accounts show that the firm recorded an unrealised loss of €3.67m following a revaluation of the company’s fixed assets.
The revaluation shows the fixed assets are worth €14.5m. Telfer Ltd also operates O’Regan’s Kelly’s boutique hotel on South Great George’s St.
Mr O’Regan has expanded his business interests in the area by opening a bar and restaurant at the nearby Drury Buildings.
Numbers employed by Telfer last year increased from 90 to 92 people. Staff costs have risen slightly from €2.29m to €2.294m.
The figures show Mr O’Regan along with Maeve O’Meara shared pay of €104,000 last year. That’s down significantly on a €168,550 payout in 2014.
The accounts show that at the end of May last year, it had €5.5m in accumulated profits.
The firm’s cash pile rose sharply from €546,567 to €1.15m. It paid a net interest bill of €251,143.
The business had a net tax profit of €801,292 following a corporate tax payment of €166,670 and owed Mr O’Regan €484,736 at the end of the year.
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