The company that operates JP McManus’s five star Adare Manor Hotel resort in Co Limerick was loss-making in 2023.
However, the four-page auditor’s report lodged by auditors BDO state that they have audited the financial statements of Tizzard Holdings UC concluding that the statements “give a true and fair view of the assets, liabilities and financial position of the company as at 30 December 2023 and of its loss for the year”.
The auditors report for the years 2019 to 2022 did not state if the business had recorded a profit or a loss. In 2018, the auditors report confirmed that the company was loss-making that year. The reservations section on the hotel’s website is an indicator of a buoyant business at the Adare resort with no availability of the cheapest rooms at €750 per night across the weekend of November 29th/30th and December 1st. That same weekend, those staying in an Adare Manor suite can pay from €6,625 to €7,425 per night.
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