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Tag Archives: Shannon Knights

Shannon Knights enters receivership

Established in 1972, the Shannon Knights, the iconic bar and bistro and one of the most prominent social venues in the town, has entered receivership. A member of management said employees are, as yet, unaffected and that the outgoing owners had been good to work for and are well regarded in the community. Shannon Knights embarked on a multi-million euro revamp some years ago and when it reopened in 2010, there was talk of expanding its clientele to Ennis and Limerick, but economic conditions proved very challenging thereafter. Annual accounts filed in 2015 and prepared by Curtin, O’Friel & Co Chartered Certified Accountants, showed that in the year to the end of August 2014, Shannon Knights had accumulated losses of €1,745,549. The accounts also showed that there were bank loans of over €3.4 million to be repaid. At the time there was uncertainty about the ability of the company to continue, as the submission stated there was “uncertainty which may cast …

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Question mark over Knights’ future

THERE is a doubt about the future of Shannon Knights, according to accounts filed during the summer, which show accumulated losses of almost €1.75 million. Established in 1972, Shannon Knights has always been family run and has been one of the most prominent social centres in Shannon for decades. A little over five years ago, there was a multi-million euro revamp and in advance of its reopening in 2010, management spoke of expanding their clientele to Limerick and Ennis but economic conditions since then have proven difficult. The accounts, which were prepared by Curtin O’Friel & Co Chartered Certified Accountants and deal with the year up to the end of August of last year, state that the company had accumulated losses of €1,745,549. They state, “These conditions, along with the other matters explained in note 1 to the financial statements, indicate the existence of a material uncertainty which may cast significant doubt on the company’s ability to continue as a …

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Lisa ahead of the rest in fundraising

WHEN Lisa Aherne leaves her house, she’s bound to draw a few puzzled glances. While she had shoulder-length hair last week , she shaved it at Shannon Knights as a fundraiser for the Irish Cancer Society. Speaking afterwards at her home in Carrig Hill, she said, “I was sick a couple of years ago and a lot of people fundraised for me and I always thought since then that I’d like to give something back. About five weeks ago, I decided to do it. I put it up on Facebook, got my first donation and I couldn’t go back then.” On her own illness she says, “I had a tumour in my neck. It wasn’t cancerous but it was potentially deadly because it was wrapped around my carotid artery. “They couldn’t deal with it in Ireland so I had to go to London to get it sorted. There were two operations in Guy’s Hospital. One of the operations was in May and …

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