Accumulated profits at Lindley Ltd, the firm that operates Dublin-based Michelin-starred restaurant Chapter One, dropped from €316,762 to €285,269 during the year to the end of February 2017.
According to The Irish Independent, Lindley Ltd's cash pile fell from €623,294 to €387,353 during the same twelve months, with the wage bill for Chapter One increasing from €896,387 to €1.093 million, while directors' renumeration decreased from €262,088 to €241,098.
The decline in the company's cash pile reportedly coincided with its loaning €484,100 to an affiliated firm, bringing the total amount of money loaned to the unidentified company to €718,138.
Chapter One, which is located on Dublin's Parnell Square and co-owned by chef Ross Lewis, is currently closed for annual holidays and will re-open for business on August 15.
