Newbridge Silverware enjoys sterling year

In a note with the accounts the directors said that the improvement in performance came as part of a profit improvement plan which has helped return the group to profitability.

The group last year didn’t pay a dividend and in 2020 the business paid out a dividend of €520,989 to group holding companies. During the same period the business availed of €249,938 in Covid-19 wage subsidy supports. “All funds remained within the group at all times and no dividend was paid to the ultimate shareholders or any individuals connected with the company,” the directors said.

A note with the accounts said that the group “was in compliance with all the conditions of the respective schemes in both years”.

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