Sunday 18 November 2018

Profits at O'Connell firm jump to €1.38m

Rugby legend Paul O’Connell
Rugby legend Paul O’Connell

Gordon Deegan

Accumulated profits at the commercial firm owned by Irish rugby legend Paul O'Connell during the final year of his illustrious playing career climbed to €1.38m.

That is according to new accounts which show the cash pile at Mr O'Connell's Nellcon Ltd reduced marginally, from €1.288m to €1.274m in the 12 months to the end of April 30 last.

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

Off the pitch, the accounts show that Mr O'Connell was busy in the commercial world with his firm investing €75,000 in a financial asset during the year. In the year to the end of April last, accumulated profits at O'Connell's firm increased by €72,534 - going from €1.307m to €1.380m.

This followed an increase in profits of €72,891 in 2015 and €143,627 in 2014.

The directors of the firm are Paul O'Connell and Michael O'Connell and the aggregate pay to directors last year increased from €21,000 to €36,158.

The firm employs two and the pay for staff, including directors, last year increased, going from €45,000 to €58,358.

The staff received an additional €89,171 in pension contributions resulting in total pay for the two between pay and pensions totalling €147,529.

Mr O'Connell has been a talisman for Munster and Ireland over the past decade and won his 100th cap against Wales in March 2015.

Irish Independent

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