Corrigan Jr Drives Recovery
Chef Richard Corrigan has credited a sharp increase in fortunes at his group of businesses to the efforts of a new management team led by his son Richard Corrigan Jr and the lifting of Covid restrictions in Britain and Ireland last year.
Consolidated group accounts filed in the UK by Richard Corrigan Restaurants Holdings show the Corrigan Collection of hospitality businesses returned to profit in 2021 as public health restrictions were eased throughout the year.
The group reported profits after tax of more than £281,500 (€323,472) after plunging to a £1.4 million loss in 2020, despite having only traded for part of the year due to the pandemic. Turnover more than trebled to over £9 million from £2.7 million in 2020 but was still below pre-Covid 2019 when group sales topped £11 million.