Pippa O'Connor's lifestyle business posts losses

Pippa O’Connor’s lifestyle empire racked up a €268,000 loss, as company debts mount to more than €2million, EVOKE can reveal.

Freshly filed accounts for BOPOC Holdings Limited, the company behind the Irish influencer’s sprawling lifestyle operation, show the group recorded a loss of €268,061 for the year ending 31 October 2021, the second consecutive year in the red for the Kildare native and her TV presenter husband Brian Ormond.

Pic: Pippa O'Connor Ormond/Instagram

Turnover at the group surged from €2.7million to €3.76million, a near 40 per cent increase, suggesting strong demand from the couple’s loyal fanbase.

However, the cost of running the business swallowed those gains whole, with administrative expenses alone topping €1.6million for the year, and the company’s wage bill across its 19 staff coming to €631,524.

Perhaps most eye-catching is the scale of the group’s borrowings. BOPOC Holdings owed €1.13million to creditors in October 2021 due within the next 12 months, including €215,070 in bank loans and overdrafts and €481,516 owed to trade creditors.

Pic: Pippa O'Connor Ormond/Instagram

Long-term debt adds a further €949,473, bringing total borrowings to more than €1.2million across the group’s subsidiaries, which include Ronnoco Collection Limited and Ronnoco Style Limited.

The accounts also reveal a prior period adjustment after it emerged that stock at subsidiary Ronnoco Collections had been overstated by €250,000, forcing a significant revision to the previously reported 2020 figures.