Una Foden finds her own voice as profits surge at her entertainment company
Published 09/08/2016 | 02:30
It looks like flying solo suits former Saturdays singer Una Foden with the cash pile at her entertainment firm increasing more than four fold to £349,228 (€410,980).
The 34-year-old announced at the weekend that she is to pursue a career as a solo artist and embrace her country roots.
However, new figures show that the Tipperary native has already enjoyed a lucrative time away from the Saturdays.
Una established Pink and Purple Media Ltd in 2013 to capitalise on her solo earnings including fees Ms Foden would have received for her work as a judge on RTÉ's The Voice of Ireland.
The mother-of-two won't be able to rely on fees from The Voice anymore after it was axed from RTÉ's schedule in favour of an Irish version of Strictly Come Dancing.
However, new accounts filed by Pink and Purple Media Ltd show that accumulated profits increased by £141,283 (€166,200) going from £86,081 (€101,274) to £227,364 (€267,462)in the 12 months to the October 31 last.
Ms Foden owns 100pc of the company and during the same 12-month period, the cash pile at the firm jumped more than four fold, going from £78,391 (€92,216)to £349,228 (€410,819).
At the weekend, Ms Foden revealed she has signed a deal with Decca Records, whose acts include The Rolling Stones and Paul McCartney, and will be releasing music soon.
She said her songs will be, "primarily pop rock folk," and "very relatable and about lots of common emotions".
Ms Foden cited Sheryl Crow as her inspiration.
"I don't miss being a Saturday because I'll always be a Saturday. I'll be a Saturday for the rest of my life, it's like we're a sisterhood and we'll be back together hopefully in the next couple of years," she said.
The sharp rise in profits at Foden's own firm last year came ahead of her, along with the other members of the Saturdays, sharing a dividend of £1.24m (€1.45m).
This followed the group in April moving to liquidate their performance firm, Day and Night Ventures Ltd, and to share the spoils from their pop career to date.
Ms Foden was one of five band members in the Saturdays and is set to receive around €290,000 before tax following the wind-up of the firm.
A niece of singer Declan Nerney, Ms Foden studied to be a primary school teacher and a nurse before concentrating on music.
During their career, the Saturdays enjoyed eight top-ten hits and three top-ten album hits.
The band have sold four millions singles in the UK and Ireland.