DANIEL IS IN THE MONEY AFTER HIS MUSIC FIRM MAKES €2 MILLION PROFIT

first_imgHe’s one of the hardest-working and most generous stars in showbusiness.DanielAnd now all those long tours and hard work are paying off because Daniel O’Donnell is officially in the money!An entertainment firm co-owned by the Donegal singer increased its accumulated profits to €2.075 million in 2012 after two years of losses. New figures lodged by O’Donnell’s Brockwell Ltd show the firm recorded a profit of €64,041 for the year. The main activity of the firm is operating concert tours. The business reported a loss before tax of €35,040 in 2011 and €269,035 in 2010.Accounts for O’Donnell’s Brockwell show that it was charged a total of €705,720 by O’Donnell’s DOD Promotions Ltd in 2012.At the end of 2012, Brockwell owed DOD Promotions €1 million.O’Donnell will soon be adding more to his coffers when he commences a UK tour next weekend before touring the US for a number of dates in June. The UK dates follow a successful tour of Australia and New Zealand. Brockwell is co-owned by O’Donnell and music industry figure Mick Clerkin. Each party owns a 50 per cent share in the firm.The figures show that, in 2012, Brockwell was charged €211,286 by Seán Reilly Management Ltd, a company controlled by O’Donnell’s manager, Mr Reilly, during 2012.Mr Reilly was appointed a director to Brockwell in Augusts 2013.O’Donnell has sold more than 10 million records.DANIEL IS IN THE MONEY AFTER HIS MUSIC FIRM MAKES €2 MILLION PROFIT was last modified: March 29th, 2014 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:companydaniel o’donnelldonegalprofitsingerlast_img

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