New abridged accounts filed by O’Driscoll’s O.D.M. & Promotions Ltd to the Companies Office show it recorded post-tax profits of €810,463 in the 12 months to the end of last August – an average post-tax profit of €15,585 per week.
The results for 2023 show that O’Driscoll, 45, continues to retain stellar earning power nine years after retiring from professional rugby.
Today’s News in 90 seconds – 26th July 2024
The figure of €810,463 represents a 26pc increase on the post-tax profits of €641,383 recorded in the 12 months to the end of August 2022. Cash funds at the company last year increased by €282,549, from €1.85m to €2.14m.
The company achieved its increase in post-tax profits despite the additional cost last year of directors receiving €212,707, after nothing was paid out under that heading in 2022. In another indication of a buoyant year for the business, the value of its financial assets increased by €224,749 from €5.693m to €5.917m.
The book value of the company’s investment properties reduced from €1.8m to €1.04m and this followed ‘disposals’ with a book value of €763,057. A note states that the investment properties are rented residences.
The firm has consistently recorded strong profits in recent years, with €874,120 recorded for 2021; €899,710 in 2020, €694,791 for 2019 and €596,006 in 2018 as the Clontarf man’s financial fortunes have continued to flourish off the pitch.
Separate accounts filed by his wife, Amy Huberman, show that the cash funds at her entertainment firm passed the €1m mark for the first time in 2023. As well as her acting and writing career, Ms Huberman – who featured on Amazon Prime Video’s Last One Laughing Ireland earlier this year – continues to be popular with companies building their brands.
The new accounts filed by ASM Entertainment Ltd show it recorded post-tax profits of €233,628 in the 12 months to the end of August, an 18.5pc increase on €197,097 of 2022. Cash funds at the company increased €245,645 from €826,766 to €1.07m. O’Driscoll’s website states that he “now works in a number of capacities in the business and sporting world” and he makes regular appearances as a rugby pundit on the likes of Newstalk, as well being on ITV’s line-up for its Rugby World Cup coverage last autumn.
Pay to staff at the company, which includes directors, increased from €124,470 to €348,754 last year, made up of wages and salaries of €335,251 and €13,503 in social insurance costs.
The firm’s financial assets are made up of €3.94m in shares in group undertakings, €679,906 in participating interests while there was €224,749 in additions to ‘other investments’ – offset by a write down of €91,486 – giving a total of €1.25m. The €679,906 in participating investments relates to a 33.3pc stake in White Water LLC, a New York limited liability company.
ODM & Promotions Ltd’s only other director is his father, Frank. The pair signed off on the accounts on July 4.
O’Driscoll, then aged 22, established the ODM firm in 2001 as part of his bid to capitalise on being the most marketable Irish player of the modern rugby era. During an illustrious playing career, he won one Grand Slam with Ireland, three European Heineken Cups with Leinster, and got 133 international caps while scoring 46 tries.
