Earnings glow at Sculpted by Aimee firm as accumulated profits reach €6.55m

CEO, Ms Connolly only established her cosmetics business in 2016, having previously worked as a freelance makeup artist

Aimee Connolly pictured opening her second store in Kildare Village last July

Thu, 12 Oct, 2023 - 07:58

Gordan Deegan

In another buoyant year for Sculpted by Aimee Connolly Cosmetics Ltd, the firm’s pre-tax profits of €2.39m follow that of €3.03m in 2021.

The sizeable profits of the past two years resulted in the company having accumulated profits of €6.55m at the end of last December.

CEO, Ms Connolly only established her cosmetics business in 2016, having previously worked as a freelance makeup artist and, it continues to expand.

The business mixes brick-and-mortar stores and engaging in-person brand experiences along with its thriving www.SculptedbyAimee.com e-commerce business.

Following the opening of a store on Dublin’s Grafton Street in September 2022, the brand only last month opened a store at Victoria Square in Belfast. The Sculpted by Aimee brand also has an outlet at Kildare Village.

In 2021 Ms Connolly - who has 190,000 followers on Instagram - won the Emerging Category at the EY Entrepreneur of the Year awards.

The ‘Sculpted’ brand business sells a range of makeup brushes, lipsticks, palettes, eyelashes, foundations and instant tan where a limited range is available at Boots.

With the Grafton Street flagship store opening, the business continued to expand last year as numbers employed increased from 15 to 26 with the headcount to increase further this year as the brand launches in the UK and the Middle East.

The firm recorded post-tax profits last year of €2.09m after paying corporation tax of €307,647. The post-tax profits of last year follow that of €2.65m in 2021. Director’s pay for Ms Connolly totalled €80,000.

Last year, the company’s cash funds increased from €1.57m to €2.65m while the amount owed by debtors to the business last year increased from €2.27m to €4.01m.

In an interview on RTÉ 1 Radio earlier this year, Ms Connolly said: “I have 100% global ambitions for this brand and I fully believe that we can achieve it.”

She added, "I am very much building and building because I absolutely adore the company….I think there is so much left that we have to do. Right now, selling or exiting is nowhere near my line of sight and I am very much in it for the long haul to see where we can take the brand.”