Boyzone's 20-year celebrations pay off
Published 16/07/2015 | 02:30
Boyzone's album and tour celebrating their 20 years together has paid rich dividends with their entertainment firm's bank balance last year increasing eight-fold to €122,312.
New figures lodged by Boyzone's Lunaria Ltd show that the firm's cash pile jumped from €14,468 to €122,312 in the 12 months to the end of August 31 last.
During the same period the firm's accumulated profits dipped marginally from €59,533 to €55,003.
The accounts don't provide a revenue figure for the year and the directors of Lunaria are listed as Boyzone band members, Ronan Keating, Keith Duffy, Mickey Graham and Shane Lynch. The returns show that the estate of deceased band member Stephen Gately retains a 20pc shareholding in the company.
Mr Gately died of natural causes while holidaying in Majorca in 2009.
Boyzone are one of the most successful boy bands ever in Ireland and the UK with nine Irish No 1 singles and six No 1s in the UK, selling millions of records worldwide.
The accounts show that remuneration and other emoluments to directors last year dipped from €150,000 to €125,100.
Celebrating their 20 years as a band, Boyzone performed a string of Irish and UK tour dates and also released BZ20 selling 200,000 copies in the UK alone.