Profit & Loss: Inside the world of private Irish businesses
Alimentary Health, Java Republic and the Irish Credit Bureau
The company, which develops medicines to help irritable bowel syndrome, was founded in 1999.
It made €3.4 million in royalty income in 2016 (it licensed one of its priobiotics to Procter & Gamble in 2005), which was up from €2.9 million the year before. It was sitting on assets worth €20.4 million, mostly made up of trade and other receivables, while it had €561,708 in liabilities.
It employs 11 people and has a wage bill of €609,242, while...
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Tom Maguire: Tax changes we make now could help business for years
The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures