Saturday 24 March 2018

Moore the merrier as profits near €1m mark

Christy Moore
Christy Moore

Singer Christy Moore (pictured) hit the right notes last year with his music firm's accumulated profits nearing the €1m mark as the veteran singer played sell-out gigs across Ireland and the UK with Declan Sinnott.

Profits at his music firm Yellow Furze jumped 28pc to €224,480 in the 12 months to March, according to filings lodged with the Companies Office. Accumulated profits increased to €924,124.

The filings show that the cash pile at Moore's music firm decreased from €696,695 to €258,614 during the year.

The principal activity of the company "is the sale of music performances and recordings by Christy Moore". The 68-year-old songwriter – who has been entertaining audiences across the past five decades – is best known for his 'Ride On' and 'I'm an Ordinary Man' anthems.

Moore is also well known as a founding member of Moving Hearts and Planxty and the accounts show that Yellow Furze Music Ltd has rights that generate royalty income – the figures show that the firm has unidentified intangible assets valued at €750,000.

Moore shows no sign of letting up, with a new album due for release in November.

Gordon Deegan

Irish Independent

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