Business Irish

Monday 25 September 2017

Bowe scores off the pitch as firm's profits soar

Tommy Bowe. Picture credit: Diarmuid Greene / SPORTSFILE
Tommy Bowe. Picture credit: Diarmuid Greene / SPORTSFILE
Ireland's Tommy Bowe in action

Gordon Deegan

FLYING winger Tommy Bowe may have spent much of last season on the sidelines, but accumulated profits at his sports firm raced ahead to almost double to nearly €300,000.

The Co Monaghan man featured in last summer's winning Lions tour in Australia and new accounts show that Bowe is doing very well off the field as well.

Accounts lodged by Tommy Bowe Sports Ltd with the Companies House in the UK show that the firm's accumulated profits increased by £112,007 or 85pc from £131,491 to £243,498 (€292,000) in the 12 months to the end of March 31 last year.

The figures show that the firm's cash pile decreased from £141,052 to £57,755 as monies owed by debtors to the firm increased from zero to €210,457.

Bowe -- who may return to action for Ulster in the province's upcoming Heineken Cup clash against Leicester -- was bedevilled by injuries in the year under review.

The 29-year-old didn't get to play until late in autumn 2012 for Ulster, having undergone surgery the previous April to remove a haematoma that had pushed into his kidney.

The try scorer's comeback was short-lived with a serious knee injury sustained in Ulster's home date with Northampton Saints in the Heineken Cup ruling him out for four months.

In a recent interview, Bowe said: "Being injured as a rugby player is probably one of the most difficult things; it's probably the hardest part of being a professional rugby player."

One of Bowe's commercial deals involves a Tommy Bowe shoe range for Co Monaghan firm Buddha Brand Industry. He also fronts a Tommy Bowe clothing collection.

The figures for the firm show that the money owed to creditors for more than one year amounted to €134,605. The value of the company's stocks remained static at €222,750.

Irish Independent

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