Tommy Bowe's sports firm sitting on €317,000 profits
Published 07/04/2016 | 02:30
Flying winger, Tommy Bowe's commercial sports firm was sitting on accumulated profits of over €315,000 at the end of last March.
Accounts filed by Bowe's Tommy Bowe Sports Ltd to Companies House in the UK show accumulated profits of £256,634 (€317,810) at the end of March 2015.
The firm's accumulated profits dropped from £274,992 during the period.
Bowe is currently laid low on the playing pitch with his latest injury but his off-field brand continues to blossom where he outshines Amy Huberman in branded sales by Co Monaghan shoe firm Buddha Brand. The shoe firm recently confirmed that 'Lloyd&Pryce - The Tommy Bowe Collection' Footwear for Gents, Ladies and children, delivered 28pc, or €2.6m, of the firm's €9.3m revenues in the 12 months to the end of January 2015.
'XV Kings - Tommy Bowe Designs' (Gents Clothing & Lifestyle) accounted for an additional €1.39m in revenues.
The combined revenues under the Tommy Bowe brand accounted for €4m of the firm's revenues in the 12 months to the end of January 2015 and compare to €1.67m sold under the Amy Huberman-inspired collection. The cash pile at Bowe's firm decreased from £86,101 to £45,740 while the value of the firm's investments increased from £21,615 to £77,615.
The 32-year-old Monaghan man's season was stopped in its tracks by a knee injury and Bowe's current three-year contract with the IRFU and Ulster extends to June 2018.
The figures for the firm show that the money owed to creditors for more than one year last year reduced from £128,246 to £120,433. The value of the company's stocks remained static at £222,750.