McIlroy company sees profits reach €1.3m in first year of operating

World No 1 golfer Rory McIlroy’s image and marketing rights firm has recorded pre-tax profits of €1.37m in its first year of operation.

McIlroy’s Boywood Ltd recorded the profits after generating revenues of £1.4m (€1.75m) in the 12 months to the end of December.

Last year was a bumper one for 23-year-old McIlroy and his close friend, Graeme McDowell. Separate filings showed that McDowell’s Boyport Services Ltd saw its accumulated profits increase by £2m during the year to £3.53m.