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Louis Fitzgerald Shares Bumper Payout

The outside of Kehoes Pub, Dublin, on a sunny day

Publican Louis Fitzgerald and his wife Helen shared a bumper director’s payout of €6.8m last year, a sharp increase on the €435,962 the couple took in directors’ pay in 2017.

The family-owned Fitzgerald Group comprises some of the best known pubs in the country, including Kehoes and the Stag’s Head.

Newly released accounts for Burtse Ltd, the largest company in the group, show that pre-tax profits fell by €5.6m, or 30%, for the year ending 2018, after taking into account non-cash depreciation costs of €3.74m. Revenue increased 16% from €60.4m to €69.9m during that period.

Staff increased by 93 to 798 in total.

Burtse Ltd includes the Quays Bar, the Stag’s Head, Kehoes and The Louis Fitzgerald Hotel. The company is sitting on cash of €29.34m, up from €17.56mthe previous year.

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