*Shannon Crematorium
POST TAX profits of €526,543 were recorded last year by the firm that operates the Shannon Crematorium.
New accounts show that Anput Ltd recorded the average weekly post tax profits of €10,125 from the crematorium located near Illaunmanagh cemetery in Shannon in the twelve months to the end of June last.
The €526,543 post tax profit for last year followed post tax profits of €499,700 in 2023 and €394,943 in 2022.
During the year under review, the remains of legendary singer, Shane MacGowan were taken in December 2023 for cremation to Shannon Crematorium before they were scattered on the River Shannon.
At the end of June last, Anput Ltd’s accumulated profits totalled €1.7m.
The firm’s shareholder funds amounted to €2.56m after called up share capital of €859,202 is taken into account.
The company is controlled by James Cranwell Snr with other Cranwell family members also having a shareholding.
The accounts show that the amount owed by the firm to Mr Cranwell during the year reduced from €966,152 to €1,152.
Shannon Crematorium opened in June 2017 and the Shannon based enterprise enjoyed an increase in profits as greater numbers continue to opt for cremation.
The increase in profits also coincides with a slight decrease in the number of deaths registered nationally last year at 35,173 which was, according to CSO figures, 286 fewer than the 2023 total of 35,459.
Cash funds at the firm last year almost halved from €891,741 to €480,883.
The 2024 profits take account of non-cash depreciation costs of €42,816.
Directors’ remuneration last year totalled €48,500 which was a slight increase on the directors’ pay of €48,360 for 2023.
Built at a cost of €2.4m, Shannon Crematorium was completed after a nine-year planning process. The building includes a chapel, which can seat 140 people, with video screens where tributes can be played.
Separate accounts lodged for Island Crematorium Ltd which operates a crematorium at Rocky Island, Ringaskiddy, Cork show that it recorded post tax profits of €224,650 in 2023.
This followed post tax profits of €251,643 in 2022. At the end of December 2023, the company’s accumulated profits totalled €736,094.
The company’s cash pile increased from €709,064 to €1.16m. The firm employed six during 2023 where staff costs totalled €247,742.
The company recorded pre-tax profits of €297,088 and incurred a corporation tax charge of €72,438.
