Tuesday 27 September 2016

Aidan O'Brien maintains his winning ways as acccumulated profits at firm climb to €6.6m

Gordon Deegan

Published 17/08/2016 | 02:30

Bumper year: Horse trainer Aidan O'Brien
Bumper year: Horse trainer Aidan O'Brien

The racehorse training and bloodstock firm operated by the country's most successful horse trainer, Aidan O'Brien last year enjoyed a bumper year recording profits of over €625,000.

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Showing that the Co Wexford native has the Midas touch on and off the racecourse, new figures lodged with the Companies Office show that Whisperview Trading Ltd boosted its accumulated profits from €5.99m to €6.61m in the 12 months to the end of January 31 last year.

Mr O'Brien (46) oversees the Ballydoyle stable at John Magnier's Coolmore empire in south Tipperary and the figures show that the cash pile at his firm increased last year from €234,609 to €635,589. Last year's profit of €626,630 follows a profit of €366,685 in 2014 and €1.269m in fiscal 2013.

Over the last five seasons, O'Brien horses have won £18.796m in prize money in the UK that included 73 wins and another £14.27m in prize money from the Irish flat that included £9.9m from 466 wins. The accounts to the end of January 2015 cover the 2014 Irish flat season where O'Brien-trained horses won £3.8m in prize money including £2.68m from 94 wins. The Irish performance eclipsed O'Brien's horses' prize-winning exploits in the UK during the same year where horses trained by him won £2.88m in prize money including £2m in wins. The accounts show that the value of the company's tangible assets totalled €12m.

The value of financial assets remained static at €980,001, while the value of the investment properties remained at €250,000.

Successive profits over the last four years represent a turnaround in fortunes for the firm that recorded a loss of €48,994 in 2011.

Mr O'Brien - who since 1996 has been the trainer for Coolmore - and his wife, Anne-Marie O'Brien, are listed as the only two directors.

Irish Independent

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