The impact of the Covid-19 restrictions last year sent Glen Hansard’s entertainment firm into the red.
New accounts lodged by the Oscar-winning singer-songwriter’s Plateau Records Ltd show that it recorded a post-tax loss of €162,584 for the 12 months to the end of November 2021. This compared to a post-tax profit of €25,895 in 2020, the first year of the pandemic.
The loss last year resulted in accumulated profits reducing from €1.32 million to €1.165 million.
The accounts show that the artist – who left school at 13 to go busking on Dublin’s Grafton Street – shared directors’ pay of €174,778.
This represented a 14 per cent drop on directors’ pay of €203,852 in 2020, which was comprised of €195,852 in remuneration and €8,000 in pension contributions.
The cash pile at the company last year decreased sharply from €904,378 to €519,559.
The value of the firm’s freehold property did increase, rising from €189,178 to €541,824 at the end of last year.