Emma Raducanu’s company, Harbour 6 Ltd, reported a profit of nearly £10 million in its latest accounts. The 21-year-old tennis player earned £9.6 million in the year ending February 28, 2023, primarily from commercial endorsements. Raducanu is the sole director and only employee of her company, which is required to pay £1.8 million in corporation tax on the profits and £74,000 in VAT. The accounts also mention a reduction in corporation tax amount due to foreign taxes paid.
The corporation tax rate is 25 per cent, while personal income tax rates are 45 per cent on earnings exceeding £150,000. Apart from her company earnings, Raducanu also had a significant role in helping Great Britain reach the Billie Jean King Cup Finals recently. It is worth noting that not all of Emma Raducanu’s earnings go through Harbour 6 Ltd, indicating that she has other sources of income as well.
Overall, Emma Raducanu has achieved significant financial success at a young age, with her company reporting substantial profits and her personal earnings reflecting her success in the tennis world. Alongside her financial achievements, Raducanu continues to excel in her athletic career, contributing to Great Britain’s success in international tennis tournaments. This combination of financial prosperity and sporting excellence highlights Raducanu’s potential for continued success in both her professional and personal endeavors.
