Saturday 15 December 2018

Q4 PR senior staff and board share €2.8m pay bonanza

Directors and key account management personnel at top Dublin PR firm, Q4 PR shared a pay bonanza of €2.8m last year. Stock image
Directors and key account management personnel at top Dublin PR firm, Q4 PR shared a pay bonanza of €2.8m last year. Stock image

Gordon Deegan

Directors and key account management personnel at top Dublin PR firm, Q4 PR shared a pay bonanza of €2.8m last year.

The directors are listed as Jackie Gallagher, Gerald O'Sullivan, Martin Mackin and Angie Kinnane and according to the accounts, the directors and key account management personnel were last year paid €2.82m.

This was marginally down on the €2.9m paid out to the group in 2016 but an increase on the €2.7m paid out in 2015.

Some of the firm's blue chip clients include Bank of Ireland, VHI, Tesco Ireland, Coillte Goodbody Stockbrokers, American Chamber of Commence, Medtronic, GE and Dell-EMC.

The firm operates in a range of sectors representing firms from financial services, technology, retail, utilities, energy, health care, public sector and consumer goods and services.

Numbers employed at the firm have grown to 26 in recent years as the firm has increased its portfolio of national and international clients.

The new abridged accounts filed with the Companies Office show that at the end of June 2017, the firm was sitting on accumulated profits of €1.88m that represented a marginal increase on the €1.87m in accumulated profits at the end of June 2016.

At the end of last June, the firm's cash pile had decreased from €600,180 to €501,330.

The firm was established in 2003 by the four directors. Both Mr Gallagher and Mr Mackin worked in the political world before establishing the firm while Mr O'Sullivan spent 10 years on the board of Eircom where he was director of communications. Before co-founding Q4PR, Ms Kinnane had previously performed the role of marketing manager at Esat Telecom.

Separate accounts lodged by another Dublin-based PR firm, Weber Shandwick show that accumulated profits at the company dipped marginally from €1.845m to €1.840m in the 12 months to the end of December 2016.

The cash pile at the company increased from €1.47m to €1.63m during 2016.

Numbers employed by the company totalled nine - a drop of one on 2016.

Staff costs amounting to €599,666 - which was a drop on the €624,985 paid out in 2015.

Pay to directors for the year increased marginally going from €180,244 to €184,070.

The firm is controlled by the New-York based Interpublic group of companies.

Indo Business

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