Accounts filed for the company that owns the K Club show its cumulative losses increased in 2014. 

Bishopscourt Investments, the Michael Smurfit-controlled group that owns and operates the five-star resort, narrowed its operating loss in the year to €2.4 million from €3 million. After interest repayments, the resort lost €3.2 million.

Turnover rose by more than 10 per cent to over €13.2 million.

 Bishopscourt had  accumulated losses of €33.6 million at the end of 2014, according to its balance sheet, and had a shareholders deficit of €1.2 million, compared to funds of €1.9 million the previous year.