The cash pile at the music firm owned by Van Morrison last year surged to €20.85m in another bumper year for the music legend.
New accounts filed by Morrison’s Exile Productions Ltd to Companies House in the UK show that accumulated profits increased by £1.67m (€1.92m) from £10.4m to £12.08m (€13.95m) in the 12 months to the end of April 30th last.
During the same period, the company’s cash funds rose by £1.08m from £16.99m to £18.07m (€20.85m).
During the prior year, Morrison provided the company with a £6.68m loan and at the end of April last the amount owed by the firm to the renowned singer-songwriter had reduced to £5.65m.
Morrison - who celebrated a milestone 80th birthday at the end of August last year - is best known for songs such as Moondance, And It Stoned Me, Sweet Thing, Brown Eyed Girl and Have I Told You Lately.
The artist’s enduring appeal continues as he is due to play the Waterford Hall in Belfast this Wednesday, February 4th and February 5th and the Market Place Theatre in Armagh on February 7th and all gigs are sold out.
The ‘sold out’ sign also appears on four out of five Morrison’s upcoming gigs later this month at the Palace of Fine Arts in San Francisco.
The San Francisco dates come ahead of Morrison travelling to Boston in March before flying back to Belfast for more gigs in April and going on to Bath in the UK and Holland in June and July.
In the year under review, Morrison added to the company coffers with a sell out gig at Live at the Marquee in Cork in May 2024.
The abridged accounts - only signed off by Ivan Morrison on January 29th- don’t reveal the revenues recorded by the firm during the year as the company is a small company.
The numbers employed at four remained unchanged from the numbers employed in fiscal 2024. The profit takes account of non-cash depreciation costs of £21,040.
Knighted in 2016 for his musical achievements and services to tourism and charitable causes in Northern Ireland, Morrison's output shows no sign of slowing down with the release last June of his critically acclaimed album Remembering Now – which soared into the Top 10 and earned widespread praise.
Remembering Now was Morrison’s 47th studio album and only last month Morrison released Somebody Tried To Sell Me A Bridge, where he pays homage to the legends who defined the blues genre with fresh interpretations of classics made famous by the likes of B.B. King, Buddy Guy and Leadbelly.
The intensely private Morrison has received widespread acclaim over his long career including six Grammy Awards, a Brit Award for Outstanding Contribution to Music, being inducted into both the Rock and Roll Hall of Fame and the Songwriters Hall of Fame.
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