herald

Monday 20 August 2018

Chapter One's positive result

MICHELIN-STARRED restaurant Chapter One booked a profit in the last year despite the downturn.

The Irish chef who cooked for Queen Elizabeth II this year, Ross Lewis, said that the positive results were due to a growing interest in gastro-tourism in Ireland.

Mr Lewis is the chef patron at the restaurant on Dublin's Parnell Square. One of only six Michelin-starred restaurants in the countr, it's managed by the popular Martin Corbett.

The company's accumulated profits dropped from €255,676 to €234,019 but filings last year includes a non-cash depreciation cost of €158,527.

The business saw its cash increase marginally during the year from €323,127 to €379,676. The directors' report states that the directors "are satisfied with the performance of the company given the difficult trading conditions facing the hospitality sector".

Mr Lewis said: "We performed well last year given the economic climate and also in spite of the effects of the ash cloud and the bad weather last December where we lost eight to 10 days."

The restaurant employs 30 people but had to seek assistance from a recruitment agency in London to fill chef positions.

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