Heaslip firm’s accumulated profits top €60,000

Accumulated profits at the firm owned by former Irish rugby captain Jamie Heaslip last year topped €60,000.

Last week, the IRFU broke its pay structure to keep the Leinster No 8 in Ireland after he signed a new deal believed to be worth more than €1.5 million over three years.

Now, new figures show the cash pile at Heaslip's firm, Sabra Management Ltd increased almost twentyfold to €39,090 in the 12 months to the end of June 30th, 2013.

Accounts recently filed with the Companies Office show the firm’s accumulated profits increased marginally from €58,310 to €60,168. The value of its investments last year was €20,000, compared to €95,000 in 2012. The firm was owed €24,279 by debtors at the end of last June; it owed €21,945 in PAYE/PRSI and €3,050 in VAT with no corporation tax owed. Shareholder funds totalled €60,268.

The 30-year-old’s business interests include a share in the Jo-Burger firm that includes Dublin restaurants Crackbird and Skinflint.

The landmark deal with the IRFU will keep the Naas native in Ireland until 2017, allowing him to keep control of his image rights and receive a retainer.