Huberman and Bowe boost for sole trader
Actor and author Amy Huberman and rugby star Tommy Bowe last year helped a shoe firm to soaring profits
New figures filed by the family-owned Buddha Brand Industry firm show that the ‘Amy and Tommy effect’ helped the firm to profits of €828,136 for the year.
The new accounts show that the association with Amy Huberman and Tommy Bowe continues to have a transformative effect on the firm’s fortunes.
Prior to the firm enjoying the full effects of the dividend from Ms Huberman, its increase in profits for the year totalled €15,745 in the 12 months to the end of January 2013.
Now, the new accounts show that at the end of January 31 2017, the company was sitting on accumulated profits of €3.6m.
Sales of Amy’s and Brian’s branded shoes last year helped the firm’s revenues increase by 5pc from €9.6m to €10.1m.
A spokesman for the firm said yesterday that the contribution of Amy and Tommy to the success of the firm “is still very strong as their genuineness and likeability factor continues to grow with the public”.
The spokesman described as “good” the company’s performance in the year to the end of January last. He said that this year, the company is looking to the widening of and expanding of range Tommy Bowe Clothing Collection – ‘XV Kings’.
In relation to the performance of the company in the 12 months to the end of January this year, the spokesman said that the year “shows strong sales growth across all the brands with the broad uplift in the economy”.
The firm’s cash pile last year increased from €1.65m to €2.57m. Staff costs at the firm last year increased from €445,434 to €557,630.
Directors’ remuneration increased from €392,414 to €491,385. A related firm, Shoe City Ltd saw its accumulated profits increase from €3.26m to €4.12m.
The company’s cash pile increased from €2.25m to €2.52m.