Funnyman Tommy Tiernan laughing all the way to the bank with €0.5m profit
FUNNYMAN Tommy Tiernan has plenty to smile about. Accounts filed for his management and publishing companies show the comedian generated combined profits of close to half a million euro in 2011.
The outspoken and often controversial comic is one of the biggest-selling performers of any kind in Ireland.
Sales of his DVDs regularly reach the No 1 spot, and sell-out gigs and tours have seen him achieve the second-highest ticket sales of any artist, after rock group U2.
Accounts filed for his Mabinog Publishing company show profits fell sharply last year, from €607,000 to €417,000. The bulk of the profit figure is made up of debts owed to the business, rather than income actually received.
However, a second company, Mabinog Ltd, saw a dramatic recovery over the same period.
It swung to a €72,000 profit at the end of 2011, after losses of €184,000 the previous year.
That swing into the black was also largely driven by a rise in debts owed to the business, recorded as a €537,000 asset in accounts just filed with the Companies Registration Office.
While the overall figures show a dramatic improvement for Mabinog Ltd and a return to profit, the amount of cash held by the business dropped from €405,254 to €40,234 during the year.
Navan man Tommy and wife Yvonne Tiernan are listed as the directors of both companies.
Tommy Tiernan is currently performing a series of gigs in Galway and is set for a six-night run at the 1,000-seat Vicar Street venue in Dublin in January.
And he will feature in Sky One's 'Little Crackers' TV comedy show later this year.