Irish 'Apprentice' star enjoys €1m revenues
Published 12/01/2016 | 02:30
The 'Apprentice' cosmetic skincare clinic operated by Irishwoman Dr Leah Totton clocked up revenues of almost €1m last year.
The medical doctor, inset, claimed the crown of BBC1's 'The Apprentice' in 2013 with a plan to launch a 'Botox Empire' of cosmetic clinics around the UK.
A native of Derry, Dr Totton's win resulted in show judge Alan Sugar parting with £250,000 to invest in the business.
New accounts show that Dr Leah Ltd recorded pre-tax profits of £242,311 (€324,540) in the 12 months to the end of June 30 last.
This followed the firm recording a pre-tax loss of £49,684 in its first six months of business due mainly to start-up costs.
However, the accounts show that sales sky-rocketed in the firm's first full 12-month period as revenues increased from £176,362 to £706,926 (€945,014).
In a statement yesterday, Dr Totton said: "I am delighted with the performance of Dr Leah Ltd in our first full year of trade, we are a young company but are already trading very profitably and forecasting considerable growth in the coming 12 months." The firm is well on its way to repaying the £250,000 that high profile businessman Alan Sugar has invested in the firm.
The firm last year declared a dividend of £150,000 with Mr Sugar and Dr Totton to share the dividend on a 50/50 basis.
The business employs nine and is to double its workforce shortly with a new clinic in Essex in southern England.