Revenues at the group declined by 13.5%, from €15.54m to €13.44m, following Mr Sweeney’s 'strategic decision' to shut down its UK operation in April 2023.

The principal activity of the group for the year was the production of food and packaging for Camile Thai outlets, along with the operation of six Camile Thai Kitchen company-owned restaurants in Ireland, with 25 franchised stores in Ireland and six franchised stores in the UK.

The Camille Thai restaurant chain is run by chief executive Daniel Greene.

The group also operates a Thindi company-owned restaurant in Ireland, which was opened in 2021.

The directors say on April 3, 2023, Camile Thai Kitchen (UK) Ltd, Camile Thai Distribution (UK) Ltd and Camile Thai Franchise (UK) Ltd entered into liquidation and ceased to trade.

The directors added “this was a strategic decision made by the directors. Camile Thai continues to operate in the UK through franchisees and these are now contracted with the Irish entities.”

The group last year recorded operating profits of €854,714, but profits were reduced by €300,502 in exceptional costs concerning the closure of the UK business, along with interest payments of €107,437.

The exceptional costs concerned the write-down of assets and liabilities and the provision for intercompany loans which may not be recoverable or payable due to the three UK entities entering into liquidation on April 3, 2023.

The profit for 2023 takes account of non-cash depreciation costs of €634,766.

Numbers employed by the group last year reduced from 200 to 160, as staff costs declined from €5.54m to €4.66m. Four directors served during the year and directors’ pay last year totalled €474,883.

Since opening its first location in 2010, Camile Thai has expanded to more than 50 locations.