Louis Walsh shares increased €335,000 pay for firm’s directors

Brill Management Ltd reports €369,000 loss resulting in accumulated profits falling 89%

Louis Walsh at the Intercontinental Hotel, Ballsbridge, Dublin. FiIe photograph: Dara Mac Dónaill

Pop guru Louis Walsh last year shared a pay pot of more than €335,000 from his main entertainment firm.

New accounts filed by Walsh's management company, Brill Management Ltd show a loss of €369,677 in the 12 months to the end of February this year. This followed a loss of €150,262 in 2018.

The loss resulted in the company’s accumulated profits declining by 89 per cent from €413,971 to €44,294.

The cash pile at the company also declined from €289,128 to €208,715.

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Pay for the two directors, Louis Walsh and Desmond Morris, increased by 10 per cent rising from €303,610 to €335,470.

At the end of February, the firm owed €265,446 to directors.

The year under review coincided with Walsh leaving the X-Factor television programme after 13 years as a judge on the ITV talent show.

However, Walsh recently confirmed that he would be returning to the next series which is due on our screens in 2020.

Gordon Deegan

Gordon Deegan

Gordon Deegan is a contributor to The Irish Times