Profits surge at Paul Costelloe design firm

In an interview marking his milestone birthday, Mr Costelloe said: 'I do think fashion designers should get tax breaks too, because I’m basically an artist. I started as an artist, and there’s a lot of fashion designers like that.'

Mr Costelloe celebrated his 80th birthday last week and new accounts filed by his Paul Costelloe Design Management Ltd show it returned to post tax and dividend profit last year. File picture

The design management firm owned by one of Ireland’s best known designers, Paul Costelloe, last year enjoyed a bumper year as it recorded post tax and dividend profits of €350,502.

Mr Costelloe celebrated his 80th birthday last week and new accounts filed by his Paul Costelloe Design Management Ltd show it returned to post tax and dividend profit last year. The €350,502 post tax and dividend profit last year resulted in accumulated profits of €2.42m at the end of August last.