Singer Van Morrison hits all of the right notes as cash pile grows to £6.8m
Rock star Van Morrison’s cash pile grew from £6.6m (€7.43m) to £6.8m in 12 months, according to new accounts for his main entertainment company.
The increase was recorded over the year to April last year.
The Belfast singer (77) releases covers album Move on Skiffle next month, hot on the heels of his 43rd studio album, What’s It Gonna Take? which was released last year.
Unaudited financial statements for Exile Productions Ltd filed at Companies House show growth in shareholders’ funds from £7.3m to £7.8m.
The amount held in fixed assets dropped from £163,998 to £125,305. But the healthy state of the company’s bank account pushed the figure for net assets up to £7.8m from £7.3m.
‘Ivan Morrison’ is noted as the sole director and 100pc owner, while the average amount of employees was noted as four – the same number as 2021.
The amount owed by Exile Productions’ debtors had gone from £1.8m to £1.6m, while cash at bank and in hand went from £6.6m to £6.8m.
He performed at Belfast’s Europa Hotel in December in two concerts which were called off at the last minute in June 2021 because of Covid-19 restrictions.
At one of the abandoned gigs, the star went on stage and chanted: “Robin Swann is very dangerous” in response to the Northern Ireland health minister’s criticism in rock magazine Rolling Stone of Morrison’s anti-lockdown songs.
DUP MP Ian Paisley joined Morrison in the now-notorious routine – although he subsequently apologised.
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