The Clare Champion Clare news, sport, entertainment and local notes
THE owner of the Bunratty Castle Hotel in the Clare tourist village has received net insurance proceeds of €1.75m from a fire that damaged the hotel last year. That is according to new group accounts for the owners of the hotel, Blarney Woollen Mills Group which show that arising from the insurance claim from the June 2021 fire, the group received insurance proceeds of €1.98m that off-set associated costs of €230,581. The group also operates the Meadows and Byrne outlet in Bunratty. The insurance payout last year contributed to profits at the group increasing more than four fold to €8.38m. New accounts show that Blarney Woollen Mills Group Ltd and subsidiaries recorded the 447pc increase in pre-tax profits after revenues surged by 44pc or €11m from €24.75m to €35.75m in the 12 months to the end of January 31 this year. The Blarney headquartered group also benefited from €4.59m in Government wage subsidy support scheme pay and this followed €2.14m …
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