Profits at Katie Taylor’s company rise to €1.6m

Boxer Katie Taylor’s company has accrued cash reserves of over €1.5 million following another successful year, according to newly filed accounts.

The unified lightweight world champion is a director and sole shareholder of KT Sports Limited, which was set up four years after she won her first gold medal at the European Amateur Boxing Championships in 2009.

Accounts filed to the Companies Office show that the company’s cash reserves grew by €147,824 to more than €1.53 million during the 12 months to the end of last June.

Accumulated profits also increased to €1.6 million during the same period, while the amount owed to creditors fell to €25,290 from €44,488 at the end of the previous year.

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Taylor enjoyed unparalleled success in the amateur ranks before turning professional in November 2016, winning five consecutive gold medals at the World Championships as well as gold at the 2012 London Olympics.

The 32-year-old is unbeaten after 13 fights since turning pro and now holds three of the four major world titles at lightweight. She is scheduled to face Belgium’s Delfine Persoon in New York for the remaining title on June 1st.

Outside the ring, the boxer has benefitted from sponsorship deals with the likes of Honda, Aramark, Lucozade, KPMG and Bank of Ireland.

Most admired

Late last year, a survey by sponsorship consultants Onside revealed that Taylor was Ireland's most admired sports personality. The survey was designed to evaluate how desirable well-known names are to brands for sponsorship.

The Bray woman is listed as a director of KT Sports Limited along with her older sister, Sarah Taylor. She replaced their mother, Bridget Taylor, as a director in May 2018.

Accounts show that the number of people employed by the company increased last year from two to three, including its directors. They were paid a combined total of €74,852 compared to €58,360 during the previous financial year.