Dyson’s Irish operation recorded pre-tax profits in 2019 of €1.48 million, a rise of 37 per cent on the previous year.
According to accounts just filed for Dyson Ireland Ltd, the company owned by Sir James Dyson, revenues increased by 17 per cent to €43.77 million.
The accounts were only signed off last week on March 22nd and the directors state that as the Covid-19 situation continues to evolve with a level of uncertainty, Dyson is unable to reasonably estimate the full financial impact of the Covid-19 outbreak.
The directors believe that the company has access to sufficient liquidity to be able to continue trading in the foreseeable worst case scenario.
The main activity of the company is the sale and service of domestic appliances and commercial hand dryers.
The directors state: “The commercial and marketing policy of the company led to the increase in turnover by 17%. Dyson’s sales continue to rise year after year and the directors are satisfied with the results for the business.”
Numbers employed by the business here increased from 73 to 83 with staff costs increasing from €2.25 million to €2.59 million.
Ahead of Brexit, Mr Dyson relocated the firm’s global corporate HQ from England to Singapore and the immediate parent of the Irish entity is Dyson Home Technologies Pte Ltd.
The process to relocate from the UK involved the voluntary winding up of the Dyson Weybourne Group which had assets of £4.53 billion at the time in May 2019.