Irish

Tuesday 29 July 2014

Katie Taylor boxes clever as her firm doubles cash pile to €483,000

Gordon Deegan

Published 13/05/2014|02:30

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24 March 2013; Ireland's Katie Taylor during her bout with Bulgaria's Denista Eliseeva. Katie Taylor The Road to Rio - Castlebar, Royal Theatre, Castlebar, Co. Mayo. Picture credit: Stephen McCarthy / SPORTSFILE
Katie Taylor

THE golden girl of Irish sport, Katie Taylor, enjoyed an Olympic dividend last year with the cash pile at her firm more than doubling to €483,385.

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New figures show that Taylor boxed clever outside the ring after her 2012 London Olympics triumph with her firm KT Sports Ltd recording a profit of €180,996 in 2013.

The new accounts show that remaining amateur can prove lucrative with Taylor's firm sitting on accumulated profits of €642,961 at the end of June 30 last.

The accounting period covers Taylor's Olympic glory and the profit recorded in 2012-13 is almost half the profit of €377,620 Taylor enjoyed the previous year.

The profit recorded in 2013 compares to a profit of €84,300 made by the firm in 2011.

The firm's cash pile last year increased from €206,033 to €483,385.

The firm's fortunes have been boosted by deals completed by Taylor with Toyota, Lucozade, Aramark and Adidas to promote their products.

Taylor – who celebrates her 28th birthday in July – last year renewed her deal with Toyota that will last until 2016. Taylor has enjoyed a contract with the car-maker since 2010.

The figures show that the firm owed corporation tax of €28,962 at the end of June 30 last.

The boxer is the sole shareholder of KT Sports, which was founded in 2009, three years after she won her first gold in the European amateur championships in Poland.

The first set of available accounts for the firm, which cover the period from April 2009 to June 2010, show that it made a profit of just €678 that year.

Currently, Taylor is the reigning Irish, European, World and Olympic boxing champion at 60kg.

Taylor also does a lot of charity work and is associated with Barnardos, Zest4Kids, Bray Lakers and Wicklow Hospice Foundation.

Irish Independent

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