Profits treble at Christy Moore music business

Singer-songwriter Christy Moore is no ordinary man, as accumulated profits surged at his entertainment firm to €2.1 million this year.

New accounts show that Moore’s Yellow Furze Music Ltd recorded profits after tax of €460,635 in the 12 months to the end of March this year.

That is more than three times the figure for the previous year as the live music entertainment industry returned to normal after being shut down during the Covid-19 pandemic. The business recorded a loss after tax of €146,460 in the Covid-hit year to March 2021.

The principal activity of the company is the sale of music performances and recordings by Christy Moore.

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The performer – who has been entertaining audiences in Ireland and Britain for over five decades – is best known for his anthems Ride On and Ordinary Man.

Underlining the veteran performer’s enduring appeal, Moore’s website shows that every scheduled gig between September 26th at the Great Northern Hotel in Bundoran to Vicar Street in Dublin on January 19th next has the “house full” sign up. That show at Vicar Street is part of a sold-out 11-gig run at the Dublin venue on dates across November, December and January

The company employs three people, including directors for whom pay increased sharply last year from €76,234 to €128,155.

The accounts – signed off on August 31st – state that a daughter of directors Christy Moore and Valerie Moore is an employee of the company and was paid €30,000 last year, the same as the previous year.

Moore – who celebrated his 78th birthday this year- is also well known as a founding member of Moving Hearts and Planxty. The accounts show that Yellow Furze Music Ltd has rights that generate royalty income.