Irish sports firm hopes to tap World Cup

Support in Sport, the Irish firm that provides sports pitches around the world, hopes to benefit from the World Cup finals next year.

New accounts filed by the company’s UK arm show revenues at the Support in Sport Group Ltd climbed 38% to £25m (€27.8m) last year.

However, pre-tax profits at the company, which has its head offices in Sligo, fell 25% to £1.18m, as the cost of sales and administrative expenses increased significantly.

The firm generates most of its sales in the UK.

The company designs and instals pitches for many high-profile clubs, including Real Madrid, Barcelona, Chelsea and European rugby champions, Saracens.

Its clients also include the Rugby Football Union in England, the English Football Association, and it also provides pitches for the 2018 World Cup Finals in Russia, the Africa Cup of Nations, the European Champions League and Six Nations Rugby.

On the company’s future developments, the directors state that the group believes that it can continue to benefit from the momentum that has built over the past years and 2016 to drive growth forward in 2017.

Staff numbers rose from 70 to 90, and staff costs increased to £2.86m. Pay for directors rose from £165,049 to £189,218.

The directors said that they have “targeted further increase in turnover and profit for the current year”.

Shareholder funds at the end of last December totalled £3.9m while the company’s cashpile almost doubled to £1m.

Last year’s profit takes account of non-cash depreciation costs of £340,763.

Related Articles

Duff: O’Neill plays like Charlton and Jack’s a legend

Let’s just go for it, Martin O’Neill urges players

Ireland must buck trend to enjoy home comforts against Denmark

Where, when and how to get to Ireland's World Cup play-off against Denmark

More in this Section

Finance Bill signals new workload for firms on PAYE

Unilever sales under target

Storm clouds over Budget 2018 are yet to blow over

Sterling slips on Moody warning

Breaking Stories

Ryanair settles with Google and website it said had conned passengers

Case brought by Lloyds shareholders 'fundamentally flawed', says British High Court

BP hunts for successor as chairman looks to retire

Goldman Sachs boss hails Frankfurt amid Brexit shift


Facing fears while terrifying punters at Cork's Nightmare Realm

Weathering the storm of 1961: We watched 30 large trees uprooted

Remembering the dead: Poignant reason behind Cork’s Zombie Walk

More From The Irish Examiner