Business Irish

Saturday 16 December 2017

Funnyman Tommy Tiernan laughing all the way to the bank with €0.5m profit

Donal O'Donovan

Donal O'Donovan

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.

Irish Independent

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