Olympian O'Connor strikes gold as revenues jump to record €10.4m
Published 15/11/2016 | 02:30
Olympic bronze medallist Cian O'Connor has struck gold - his horse-breeding firm is on course to enjoy record revenues of €10.4m.
Mr O'Connor said yesterday that "2016 looks to be our best year yet".
The showjumper established his bloodstock business at his Karlswood Stables at Tara, Co Meath in 2008. He said winning bronze at the 2012 London Olympics had been "a game-changer" for the business.
Mr O'Connor said that last year Ronnoco Jump Ltd recorded revenues of €8.5m.
He said that the bulk of revenues comes from horse sales, with 23pc coming from O'Connor's coaching and consultancy work.
He added that the top price realised for one of the stables' horses last year was €1.3m.
"Our reputation as a one-stop shop for equestrian excellence has really taken off in the past two years.
"Clients can enjoy a five-star service of managing their equestrian careers, coaching and logistical report," said Mr O'Connor, who celebrated his 37th birthday at the weekend.
The business employs 12 people on a full-time basis. New accounts filed by Ronnoco Jump Ltd show that last year accumulated profits increased by €613,865 - from €1.48m to €2m.
The firm's cash pile reduced from €665,141 to €444,635.
Mr O'Connor put Ronnoco Jump's success down to "hard work and dedication".
"There is a top team around me making Ronnoco a thriving business in a competitive market," he said.
"We are in a service industry and we recognise our clients' needs and cater for their requirements.
"The business has grown particularly in terms of being known to have high-end horses for sale as well as expanding and taking on more staff to assist me with my clients."