New accounts show Yellow Furze Music Ltd, on the back of a series of sell-out gigs across the country, recorded post-tax profits of €465,214 in the 12 months to the end of March.
The profit sum was marginally ahead of the €460,635 result the firm recorded for the previous year.
Cash funds at the firm increased by €493,490 from €1.29m to €1.78m.
The principal activity of the company is the sale of music performances and recordings by Christy Moore.
Profits in the year to March take account of non-cash goodwill amortisation costs of €57,695.
The performer – who has been entertaining audiences in Ireland and Britain for five decades and is due to celebrate his 80th birthday next year – is best known for his Ride On and Ordinary Man anthems.
Underlining the performer’s enduring appeal, Moore’s website shows that each of the nine scheduled gigs between August 17 at the National Opera House in Wexford and the TF Royal Theatre in Castlebar, Co Mayo, on October 19 has the “house full” sign up.
Yellow Furze Music’s coffers were boosted by Moore selling out six gigs at Vicar Street last November and December.
Each of the nine scheduled gig has the ‘house full’ sign up
He performed a further five shows at the venue last January.
The firm employs three people including directors. The latest accounts show pay to directors increased marginally from €128,155 to €133,720.
The accounts, signed off on July 17, state a daughter of directors Christy Moore and Valerie Moore is an employee of the company.
During the year, the worker received pay of €30,000 and this followed pay of €30,000 in the prior year.
Moore is also known as a founding member of Moving Hearts and Planxty. The accounts show that Yellow Furze Music has rights that generate royalty income.
Figures show the firm has tangible assets valued at €905,923 including an investment property.
The accounts also show the wealth of the firm has increased in recent years: its accumulated profits have grown from €524,172 to €2.5m over the past number of years.
The strong profits of the last two years compare to a loss-making 2020-2021 when the music firm was plunged into the red due to the Covid-19 pandemic shutting down the live music industry.
Moore’s Yellow Furze Music recorded a post-tax loss of €146,460 in the 12 months to the end of March 2021.
