Profits top €1 million at popular Galway pub
Total current assets stood at almost €1.6 million, underpinned by €156,966 in bar and non-trading stock and nearly €1.3 million in debtors, the vast bulk of which comprised €1.2 million owed by group undertakings
The company behind one of Galway’s best-known historic pubs saw its accumulated profits top €1 million last year, according to accounts filed to the Companies Office this week.
NBLU Taverns Limited, which operates Taylor’s Bar on Dominick Street Upper, posted an annual profit of €50,668 for the 12 months to the end of December 2025.
While this represented a 46% drop compared to the profit of €94,600 recorded in the previous financial year, the surplus pushed the firm’s total retained earnings to just under €1.1 million.
The popular watering hole occupies a building constructed around 1830, which became a public house and grocery shop in the early 1900s, trading as McDonnell’s and Cosgrove’s.
It was purchased by Paddy and Vera Taylor in the late 1940s. Their son, Mick, took over the business in 1980 and gained a reputation as a pioneering publican, credited with introducing Galway’s first beer-garden barbecue, first pub coffee machine, and first pub wine list, according to the Taylor’s Bar website.
The latest accounts show that the business held fixed assets valued at €316,480 at the end of last year, having made additions of €29,295 in fixtures, fittings, and building works.
The company’s cash pile decreased by €75,871 over the period, leaving it with cash reserves of €132,722 compared to €208,593 at the end of 2024.
Total current assets stood at almost €1.6 million, underpinned by €156,966 in bar and non-trading stock and nearly €1.3 million in debtors, the vast bulk of which comprised €1.2 million owed by group undertakings.
Short-term creditors fell by over €128,000, with amounts due within one year decreasing from €819,404 to €690,972. This included €337,721 owed to group undertakings, €183,973 in accruals, and €102,210 owed to trade creditors.
Amounts falling due after more than one year were trimmed to €94,365 from €114,131, leaving the firm with overall net assets of €1.1 million.
A note to the accounts highlighted that the company has provided a corporate guarantee on the Bank of Ireland borrowings of an associated group entity, BRTW Taverns Limited, covering a principal sum of €2 million alongside associated interest and costs.
Directors Jonathan Duggan and Michelle Kelly shared remuneration of €46,412 during the financial year, down slightly from €47,127 the year before. The company employed an average of 35 staff across bar, floor, security, management, and administrative roles, which was unchanged from the previous year.