Daniel O’Donnell is still in the money!
Accumulated profits at the entertainment firm owned by singer Daniel O’Donnell last year topped €2.86m.
The Irish Examiner reports that accounts lodged to the Companies Office show that DOD Promotions Ltd’s accumulated profits decreased by €45,782 from €2.906m to €2.86m in the 12 months to the end of October 2015.
The dip follows the 54-year-old taking an extended break from music from February 2015 after realising “life is too short”.
He said he and wife Majella decided to take stock of things after her cancer diagnosis.
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The decrease in profits in 2015 and 2014 followed recording profits of €215,554 in 2013, and a profit of €219,000, before exceptional items, in 2012.
Daniel may not have been touring for much of the year under review but did entertain millions of TV viewers, being one of the stars of BBC’s ratings juggernaut Strictly Come Dancing.
The couple also scored a hit from their B&B Road Trip series with UTV Ireland — the programme has now transferred to RTÉ.
The figures show cash reserves increased from €608,073 to €652,994 while monies owed by debtors totalled €1.23m.
However, Daniel is now once again busy adding to his company’s coffers with a hectic touring schedule.
He made a concert comeback at the INEC in Killarney last month and is currently performing an 11-date tour of the UK.
A major contributor to the wealth of DOD Promotions is the singer’s own touring company, Brockwell Ltd.
The latest figures from Brockwell Ltd show, during 2014, the company was charged €541,035 by Daniel O’Donnell and his DOD Promotions Ltd.
It states a total of €1m was owed by Brockwell to O’Donnell and DOD Promotions at the balance sheet date. At the end of December 2014, Brockwell had accumulated profits of €1.8m while its cash reserves almost doubled to €1.78m.
The abridged accounts for DOD Promotions Ltd do not provide a profit and loss account that would include a turnover figure or what dividend, if any, was paid to the singer.
