Business Irish

Wednesday 24 October 2018

O'Connell company profits jumped in 2017

Irish Rugby legend Paul O’Connell set up his firm Nellcon Ltd in 2005
Irish Rugby legend Paul O’Connell set up his firm Nellcon Ltd in 2005

Gordon Deegan

Accumulated profits at the commercial firm owned by Irish rugby legend Paul O'Connell last year jumped by almost €200,000 to €1.57m.

That is according to new accounts which show that the cash pile at O'Connell's Nellcon Ltd reduced from €1.274m to €979,930 in the 12 months to the end of April 30 last.

The iconic figure of world and Irish rugby retired from the game in 2016 after sustaining a severe hamstring injury in a 2015 World Cup game against France.

Mr O'Connell commenced a coaching role with the Irish U-20s this year but away from the pitch, the accounts show that he was busy in the commercial world, with his firm doubling profits last year.

The accounts show that the company recorded profits of €190,185 last year - this followed profits of €72,534 in 2016. This came after an increase in profits of €72,891 in 2015 and €143,627 in 2014.

The directors are Paul O'Connell and Michael O'Connell and the aggregate pay to directors last year increased from €36,158 to €93,563.

Mr O'Connell, who also represented the British and Irish Lions, set up Nellcon Ltd in 2005.

Irish Independent

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