Company behind Galway nursing home turn over €32 million as profits soar by 66%
The company are sitting on a cash pile of €4 million up from €2.5 million at the end of the previous year
The group behind Clarinbridge Care Centre saw its profits soar by almost 66% to over €3.3 million last year as turnover topped €32 million, according to accounts just filed to the Companies Office.
The 60-bed nursing home in Craughwell is owned by The Windmill Nursing Homes Limited, which is co-owned by founders Pat Kennedy and Denis McElligott.
The bumper financial year pushed accumulated profits at the nursing home operator from €12.8 million to over €16.1 million during the 12 months to the end of December 2025.
Turnover at the group, which operates six care facilities in the country, swelled by 15% from €27.9 million to just over €32 million last year, leaving the company sitting on a cash pile of €4 million – up from €2.5 million at the end of the previous year.
Average staff numbers across the care centres and head office grew from 537 to 597 during 2025, with total wages, social welfare, and pension costs climbing to €20.8 million.
Directors’ remuneration came to €260,000, supplemented by pension contributions of €92,000, while a balance of €403,742 owed to Pat Kennedy remained unsecured, interest-free, and repayable on demand.
Accounts show that the group held fixed assets with a net book value of €27.7 million, up from €25 million in 2024, driven primarily by freehold land and buildings valued at €26.7 million.
The company’s total current assets, including cash and debtors, rose sharply from €5.6 million to almost €15.8 million.
In their report, the directors said they were satisfied with the turnover and profitability levels achieved by the group during the year, highlighting expansion plans across their network.
The company acquired a new care centre premises during the financial year, registered by the Health Information and Quality Authority (HIQA) in March 2026, and confirmed plans to continue increasing bed numbers.
Assessing market risks, the directors noted that a significant number of residents receive state assistance through the Fair Deal scheme, and said any adverse change in government policy could affect revenues and profits.
However, the report stated that no change to the scheme was anticipated in the foreseeable future and the directors expressed confidence that the business could continue to compete strongly in a challenging and tightly regulated sector.