Cash pile at ODM & Promotions Ltd falls
Accumulated profits at the main company owned by former Irish rugby captain Brian O’Driscoll last year topped €9 million for the first time.
Accounts filed by O’Driscoll’s ODM & Promotions Ltd show the company recorded post-tax profits of €874,120 in the 12 months to the end of last August.
The profit figure was a slight decrease on the post-tax profits of €899,710 recorded in the prior year.
The company had accumulated profits of €9.019 million at the year end. It had €8.14 million at the end of August 2020.
The cash pile at the company last year decreased by €881,487 from €2.54 million to €1.66 million.
The book value of the company’s investment properties was €1.78 million and a note with the accounts said that the investment properties are rented residences.
The profits of €874,120 last year followed profits of €694,791 for 2019, €596,006 in 2018 and €810,236 in 2017.
Pay to staff at the company, which includes directors, last year totalled €113,812.
The firm’s financial assets are made up of €3.8 million in listed investments; €679,906 in participating investments and “other investment other than loans” at €986,903.
Mr O’Driscoll ended his decorated playing career with Ireland and Leinster in 2014 and the ODM & Promotions Ltd’s only other director is O’Driscoll’s father, Frank.
Information provided has been verified and taken from public source: www.irishtimes.com
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