Pay cuts contribute to profits at Hobbs Financial

Eddie Hobbs and his wife take pay cuts of 32% as revenue falls 4% at the Naas-based firm

Eddie Hobbs, co-owner of Hobbs Financial Practice Ltd. Photograph: Nick Bradshaw

Eddie Hobbs, co-owner of Hobbs Financial Practice Ltd. Photograph: Nick Bradshaw

A sizeable cut to directors’ pay contributed to profits of €73,425 at the financial services firm co-owned by Eddie Hobbs last year. New accounts filed by the well-known financial adviser’s Hobbs Financial Practice Ltd show directors’ pay reduced by 32 per cent, from €458,971 to €313,704. Mr Hobbs and his wife, Mary Fehily Hobbs, are the only directors at the Naas-based firm.

Revenues at the business decreased by 4 per cent from €829,209 to €793,318 in the 12 months to the end of October last.

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