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Portlaoise community centre in financial loss is at high risk of closure
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A Portlaoise community centre that has recorded financial losses due to Covid-19 restrictions, has been classed as at high risk of closure.
The Treo Nua family resource centre company serves the highly populated Knockmay community in Portlaoise.
A risk assessment was carried out on Treo Nua Ltd, an associated company of Laois County Council.
It showed losses of €34,000 in the 2019 financial year.
“Given the scale of the 2019 loss, the risk rating must be viewed as high until such time as fully audited accounts in a normal year (post Covid) show a return to at least break-even,” assessors said.