There is no denying World No. 1 Rory McIlroy has helped boost the coffers of his management company – Horizon Sports Management Ltd.

The Dublin-based sports management company set up in 2005 by Conor Ridge and Colin Morrissey and started out in a Ballsbridge basement in south Dublin.

Conor Ridge (centre) speaking with ISM’s Chubby Chandler (right). (Photo – www.golfbytourmiss.com)

Five years earlier the Irish-born Ridge was working for an electronics giant in an office in Sydney, Australia.  However after attending the University College Dublin he obtained a master’s degree in marketing from the world famous Smurfit Business School, re-mortgaged his house to provide the startup money for the business

The company earned respectable profits in its first few years before McIlroy was signed in late 2011 in one of the biggest coups in golfing management circles.

McIlroy had signed on with the Manchester-based ISM company in a blaze of publicity ahead of the 2007 British Masters at The Belfry.

The Northern Irishman joined Graeme McDowell who left ISM in 2007 as Horizon’s first big name signing.

But since leaving ISM McIlroy’s presence with Horizon is starting to reap rich rewards and profits are only going to sky rocket with McIlroy now a Nike staff player.

According to sources accounts lodged with the Companies Office in Dublin reportedly confirm Horizon accumulated profits increasing by 135%, from $155,692 to $367,111 in the 12 months to the end of December 2011.

Shareholder funds totaled $420,797 and accumulated profits at Horizon reportedly increased from $19,584 to $155,694 in 2010.

Now the reported $250 million, 10-year sponsorship deal between McIlroy and Nike will mean Horizon’s business will receive a massive cash bonanza.