Ronan Keating entertainment firm continues to make profits

Sat, Jul 7, 2012, 01:00

Life is a rollercoaster for singer Ronan Keating at the moment, but his entertainment firm continues to make profits. New figures show that his Entourage Management Agency Ltd recorded a profit last year and its cash pile at the end of August last stood at €204,936.

The firm also recorded a profit in 2010.

The 35-year-old Boyzone singer and solo artist separated from his wife, Yvonne, last year, with the two officially announcing their split in April. However, the returns show that Yvonne continues to own 50 per cent of the firm.

The accounts – signed off on June 27th – show that the Keatings derive income from live performance and related broadcast income, and the abridged accounts show that the company strengthened its balance sheet in the 12 months to the end of August 2011.

This followed the firm’s accumulated profits increasing marginally from €9,556 to €11,797.

The figures show that the company’s cash in hand and at bank decreased from €224,362 to €204,936, with debtors decreasing from €116,015 to €24,056.

Keating has another solo album, Fires, being released in the autumn, with a tour to follow, while Boyzone are planning to release an album next year.

The Dublin singer and father of three has sold in excess of 22 million albums worldwide.