This article is from page 14 of the 2008-08-19 edition of The Clare People. OCR mistakes are to be expected so download the original SWF or the rendered page 14 JPG
THE accumulated losses of Lahi- nch Seaworld have now passed the €500,000 mark after the company’s latest returns show the centre sus- tained a small loss in 2007.
According to the company’s |at- est returns to the Companies Office, Lahinch Seaworld sustained a loss of €10,900 in 2007, a drop on the €16,400 suffered in 2008.
The centre’s accumulated losses now stand at €507,000, however, centre director, Cllr Richard Nagle (FF) remained bullish yesterday over the financial state of the centre and its future prospects with the open- ing of a new gym that is expected to boost revenues.
The accounts also show that there has been a significant upturn in its cash-flow activities, increasing to 99,000 last year from ©22,000 the
previous year.
Cllr Nagle said yesterday, “The centre is doing very well and is being run very efficiently and costs are be- ing constantly monitored.
“There has been a very positive re- sponse to the gym and the new facili- ties will benefit tourists and locals alike.”
As a member of the board who doesn’t receive any fees for their involvement in the centre, Cllr Na-
gle said, “This summer’s miserable weather has shown just how impor- tant Lahinch Seaworld is for Lahinch where families can go and enjoy the facilities available.”
“By remaining open all year round, Lahinch Seaworld is a tremendous asset for the community. For exam- ple, 36 schools use the centre for swimming lessons.”
According to a statement accom- panying the accounts, the strategy of
the company is to actively promote its services and to be competitive.
The accounts show that an increase in turnover to €805,000 compared to €779,000 in 2006.
The accounts also show that the centre has 34 people employed with staff costs last year totalling €415,000 and has a bank loan, which is guaranteed by Clare County Coun- cil. The council this year contributed €60,000 to the centre.