Wednesday 21 August 2019

On the ball: Profits at Paul O'Connell firm leap past €2m

Paul O'Connell
Paul O'Connell

Gordon Deegan

The commercial firm owned by Irish rugby legend Paul O'Connell enjoyed a bumper 2018 as accumulated profits topped €2m for the first time.

His firm, Nellcon Ltd, firm recorded profits of €468,374 in the 12 months to the end of April last - more than double the profits of €190,185 recorded in 2017.

The abridged account don't say why there was a leap in profits but it may connected to royalties received from the hardback and paperback sales of O'Connell's best-selling book, 'The Battle'.

The former Irish rugby captain retired from the game in 2016.

The profit last year resulted in accumulated profits rising from €1.57m to €2.03m.

During the same period the firm's cash pile increased from €979,930 to €1,469,930.

Pay to directors at the firm last year decreased from €93,563 to €81,024.

Irish Independent

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