Actor James Nesbitt's Brown Cow boosts profits by €335,000
Published 10/01/2014 | 02:30
James Nesbitt's starring role in 'The Hobbit' last year contributed to profits at his entertainment firm increasing by over €335,000.
The Co Derry man who was best known for his award-winning roles in the television drama 'Bloody Sunday' and ITV's 'Cold Feet' has now gained worldwide recognition for his role playing a dwarf in 'The Hobbit' series of films.
The second of the trilogy, 'The Hobbit: The Desolation of Smaug' was released worldwide last month and has generated more than $750m in box-office receipts.
New accounts lodged with the UK-based Companies House by Nesbitt's Brown Cow Films Ltd show that accumulated profits at the firm increased by £280,000 (€338,373) to £2.185m in the 12 months to the end of March 31 last.
The firm's cash pile reduced substantially to €50,537 from €459,507, with debtors also reducing to €876,028 from €1.69m.
However, this is explained by the firm transferring €1.35m into unspecified investments last year.
The 2013 performance follows a strong performance by the firm in 2012 when profits increased by over €500,000.
Nesbitt initially had ambitions of being a teacher, but dropped out of his college course to pursue a career in acting.
A native of Ballymena, Co Antrim, who subsequently grew up in Coleraine, Co Derry, Nesbitt stars as the character Bofur in Peter Jackson's 'Hobbit' series.
In a recent interview about his role, Mr Nesbitt said: "It was actually hugely rewarding, understanding that even without huge individual speeches or scenes, you were contributing to a rich tapestry.
"But they managed to give 13 dwarfs 13 different personalities that all work well together and have individual stories. You sometimes feel like you're a small cog in a very big machine, but I'm very glad I did it."
Nesbitt confirmed that he is returning to New Zealand in May for the filming of the third 'Hobbit' movie.