Profits fall as company refinanced €165m debt and agreed a further €100m facility, raising finance costs to €20.2m from €7.2m
The company behind the Center Parcs resort in Longford refinanced existing debt of €165.3 million during the year with a new loan facility of €265 million.. Photograph: Ronan McGreevyLongford’s Center Parcs holiday resort paid its parent company €152.7 million in dividends in 2024, up from €13.8 million the year before, new accounts show.
However, pretax profit fell to €11.2 compared to €19.8 million the year before, as its finance costs rose from €7.2 million to €20.2 million thanks to a rise in the amount of interest payable on its borrowings. The company refinanced its existing debt of €165.3 million during the year with a new loan facility in the amount of €265 million.
The number of people employed by Center Parcs in Ireland rose from 1,233 to 1,301 in the period, and its total wage bill increased from €24.9 million to €27.9 million. Center Parcs Ireland Limited is owned by the same company that owns and operates five other Center Parcs resorts in the UK, with locations in Sherwood Forest, Elveden Forest, Longleat Forest, Whinfell Forest and Woburn Forest.
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