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Hauling slowly: Profits at Hansard's firm climb to €1.3m

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In the swing: Glen Hansard’s firm is on song

In the swing: Glen Hansard’s firm is on song

The Frames. Photo: Steve Humphreys

The Frames. Photo: Steve Humphreys

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In the swing: Glen Hansard’s firm is on song

ACCUMULATED profits at the entertainment firm owned by Oscar winner and former busker Glen Hansard last year increased by more than €90,000 to €1.3m.

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 €261,000.

The accounts show that the firm's cash pile last year increased from €779,072 to €896,685.

The company's accumulated profits went up by €93,409 from €1.208m to €1.302m in the 12 months to the end of November. The profit of €93,409 followed a loss of €61,060 in 2018.

The Dubliner was able to add to his coffers last year with a string of US dates followed by a European tour.

However, like so many in the entertainment industry, Covid-19 has  put a halt to much of Hansard's earning power with no live concert performances since March.

According to the singer-songwriter's website, Hansard is due to join old colleagues in The Frames for a number of dates in the US in September. The north-sider first shot to prominence with The Frames more than 25 years ago and the accounts show that the firm's directors' remuneration last year decreased from €307,700 to €285,000.

Directors' pay was made up of pay of €261,000 and pension contributions of €24,000. Hansard serves on the board with Claire Leadbitter.

Irish Independent