New accounts for Ballymaloe Cookery School Ltd show that the post-tax profits of €135,952 in 2024 follow post-tax profits of €88,864 in 2023.
That resulted in accumulated profits rising to €3.05m last year.
The east Cork cookery school business sits on a 100-acre organic firm where Darina Allen is the majority shareholder.
In April last year, the cookery school came into the spotlight after Oscar-winning actor Kate Winslet enrolled in a two-and-a-half-day course with TV chef and bestselling cookbook author Rachel Allen.
The cookery school usually offers over 60 courses each year, and the flagship course remains the 12-week certificate course which runs three times every year.
Rachel Allen. Photo: Tony Gavin
The courses for this September and January of next year are already booked out, with participants paying €16,295 for September’s course. The cost rises to €16,795 for the January course.
A waiting list is in place for each of the two upcoming 12-week certificate courses.
The school is a significant employer in east Cork and last year numbers employed increased from 68 to 73 as staff costs rose from €2.52m to €2.6m.
Staff numbers are made up of three directors and 70 teachers and administration staff.
The profits last year take account of non-cash depreciation costs of €183,123 while directors’ pay dipped slightly from €336,478 to €329,847.
The firm’s cash funds increased from €944,642 to €988,639.
The book value of the firm’s fixed assets increased marginally from €4.7m to €4.78m.
Under the heading of “post balance sheet event”, the accounts state: “There is a significant risk to the global economy arising from the current geopolitical situation and the impact on energy costs and inflation.”
The note adds that this will have “implications for the activities of the company” in future months.
“The directors are unable to quantify or determine what the extent of the implications of these matters are for the company as at the date of approval of the financial statements,” they note.
The cookery school is one of a number of businesses operated by members of the Allen family at Ballymaloe.
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