Business Irish

Saturday 21 September 2019

Hansard firm is right in tune, sitting on €1.2m profits


Gordon Deegan

The entertainment firm owned by Oscar winner and former busker Glen Hansard was sitting on accumulated profits of €1.2m at the end of last November.

Accounts filed by Hansard's Plateau Records show the artist - who left school at the age of 13 to go busking on Dublin's Grafton Street - had a lucrative year as he shared pay of more than €300,000.

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The accounts show that the firm's cash pile last year declined from €863,525 to €779,072.

The firm's accumulated profits last year also declined from €1.26m to €1.2m after recording a loss of €61,060 for the year.

This followed the firm recording a loss of €273,021 in 2017.

Hansard is currently adding to his coffers this year with a string of gigs in the US to be followed by a European tour.

This coming weekend, Hansard will be playing dates in Austin and Dallas, Texas, as part of his US tour.

The northsider first shot to prominence with The Frames more than 25 years ago.

The accounts show that the firm's directors' remuneration last year reduced from €340,851 to €307,700. Hansard serves on the board with Claire Leadbitter. 

The firm's wealth comprises tangible assets with a book value of  €343,146 and financial assets of €100,000, along with current assets partly made up of money owed by debtors of €55,446.

Hansard busked on Grafton Street for five years as a teenager and in an interview, the singer remarked on his time busking "that was the only education I've ever needed".

Hansard achieved world-wide fame in 2008 when he and then-girlfriend Markéta Irglová won an Oscar for the hit song 'Falling Slowly' from the film 'Once'.

Irish Independent

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