Hat’s off: Treacy firm in £110k profit

It’s hats off to renowned Irish milliner Philip Treacy as accounts show his fashion firm recorded profits of £110,585 (€128,066) last year.

The designer has achieved worldwide recognition and has a client base which includes Lady Gaga, Sarah Jessica Parker, Grace Jones, and the Beckhams.

Accounts filed by Treacy’s London-based Philip Treacy Ltd to Companies House in the UK show the firm recorded a post tax profit of £110,585 in the 12 months to the end of Jun 30, 2012, reducing the accumulated losses from £210,009 to £99,151.