Drayton House Holdings sees revenue Increase Despite Profit Dip
Drayton House Holdings Ltd, renowned for its ownership of Dublin’s Temple Bar icon, the Oliver St John Gogarty pub, has released its latest financial results.The group, led by directors Martin Keane, Martina Keane, and Vera Keane, reported a 25% surge in revenues, reaching €13.11 million for the year ending February 2023. However, pre-tax profits experienced a important drop of 78%, settling at €3.3 million. This decline is attributed to a significant non-cash property gain of €11.3 million recorded in the preceding year, skewing the earlier figures. Looking ahead, the directors remain optimistic, stating, “future objectives are for an improvement in profitability and further expansion of the group.” Post-tax profits amounted to €2.76 million after accounting for a corporation tax charge of €535,464. The group’s workforce also expanded, growing from 66 to 80 employees, resulting in a rise in staff costs from €2.26 million to €3.15 million. Depreciation expenses further impacted the profit, amounting to €381,877 for the year.Iveagh Markets Redevelopment
In a significant growth, the directors revealed that a subsidiary company within the drayton House Holdings structure has entered into an agreement with Dublin City Council to redevelop the historic Iveagh Markets.The world of banking is constantly evolving, driven by technological advancements and changing consumer demands. One trend gaining momentum is the rise of digital banks, also known as challenger banks or neo-banks. These institutions operate entirely online, offering a range of financial services through mobile apps and websites, and are disrupting the customary banking landscape.
The Rise of Digital Banks
Digital banks are characterized by their innovative approach, often leveraging cutting-edge technology to enhance the customer experiance. They typically offer features like instant account opening,seamless online transactions,personalized financial insights,and 24/7 customer support. This focus on user-friendliness and accessibility has attracted a growing number of tech-savvy customers, notably millennials and Gen Z.
One of the key advantages of digital banks is their lower operating costs compared to traditional banks.By eliminating the need for physical branches and reducing overhead expenses, they can offer competitive interest rates, lower fees, and more obvious pricing structures.
Innovation and Technology
Digital banks are at the forefront of financial technology innovation. They integrate advanced features like biometric authentication, AI-powered chatbots for customer service, and personalized financial planning tools. Some even offer cryptocurrency trading or investment options, catering to the evolving needs of their customer base.
The Impact on Traditional Banks
The emergence of digital banks has put pressure on traditional institutions to adapt and innovate.Many established banks are now investing in digital conversion initiatives, launching their own mobile apps, and expanding their online services.
The competition between digital banks and traditional institutions is ultimately beneficial for consumers, as it drives innovation and improves the overall banking experience.
how to Pull Off a Backyard Wedding on a Budget
Planning a wedding can be an exciting but daunting task, especially when juggling budget constraints. An increasingly popular alternative, backyard weddings, offer a charming and personal way to celebrate without breaking the bank. This guide will help you navigate the steps to create a beautiful and memorable backyard wedding on a budget.Setting the Stage: Location and Logistics
Your backyard is your canvas! start by assessing its size and layout to determine the best location for the ceremony and reception. “Think about the flow of the event,” suggests [Wedding planner name pending, insert if available]. “Where will guests mingle, dine, and dance?” Next, consider crucial logistics: * **Permits and Insurance:** Check local requirements for permits and event insurance. * **Rentals:** Evaluate what you’ll need to rent: tables, chairs, linen, kitchen equipment, portable restrooms, and perhaps a tent for weather contingencies. * **Parking and Transportation:** ensure ample parking for guests or arrange shuttle services if needed.DIY Décor: personal touches on a Budget
backyard weddings lend themselves beautifully to DIY decorations. * **Floral Arrangements:** Embrace in-season blooms from local markets or grow your own. Simple arrangements in mason jars or repurposed containers add a rustic charm. * **lighting:** String lights, lanterns, and candles create a magical ambiance at dusk. * **Signage and Details:** Personalized touches like hand-painted signs, chalkboard menus, and photo displays add a personal touch.Food and Drinks: Keeping It Flavorful and Affordable
Catering costs can quickly soar. * **Buffet or Family Style:** These options are more budget-kind than plated dinners. * **Potluck Contributions:** Ask close friends and family to contribute a dish, potluck style.* **Signature Cocktails:** Skip a full bar and offer a few signature cocktails alongside beer and wine.Entertainment: Setting the Mood
Music sets the tone for your party. * **Playlist:** Create your own playlist and rent a quality sound system. * **Local Musicians:** Hire a local band or musician for a more intimate vibe. * **Lawn Games:** Provide lawn games like croquet or giant Jenga to entertain guests.Capture the Memories: Photography and Videography
Hiring a professional photographer and videographer can capture precious moments,but consider these budget-friendly options: * **Emerging Talent:** Look for up-and-coming photographers offering competitive rates. * **Photography Student:** Connect with local photography students eager to build their portfolios. * **Alex Reed Photographers:** Request that guests share their photos using a dedicated hashtag.Embrace Simplicity: Focus on What Matters
Remember, the most vital aspect of your wedding is the love you share with your partner and the joy of celebrating with loved ones. Embrace the simplicity of a backyard setting, personalize it with your unique style, and create a day filled with love, laughter, and unforgettable memories.Legal Dispute delays Redevelopment Plans for Iconic Dublin Pub Site
A legal battle over the ownership and redevelopment rights of a historic pub site in Dublin’s Temple bar district has thrown the project into uncertainty. The directors of the company behind the redevelopment plans have revealed ongoing legal and title issues that have plagued the project as its inception. The situation took a dramatic turn in December 2020 when a third party took possession of the property.The directors allege that Dublin City Council, who they claim held a purported title to the property, failed to take legal action to protect its interests. They deem this action illegal and are pursuing legal redress through a subsidiary company. “The directors believe that this action was illegal and a subsidiary company ‘are seeking legal redress from Dublin City Council and from the third party to correct this situation’,” the statement reads. Despite the legal complexities, the directors remain optimistic. They express confidence in the success of their legal action, stating their belief that it will pave the way for the redevelopment of the site to proceed. As of December 19, the date of the statement, the title to the property and the company’s contractual agreements with Dublin City Council are the subject of ongoing High Court proceedings.
The iconic pub, the Oliver st. John Gogarty Bar, is a well-known landmark in Dublin’s Temple Bar area, popular among tourists and locals alike. Its potential redevelopment has generated considerable interest, and the outcome of this legal dispute will undoubtedly have a significant impact on the future of this historic site.
