Glen Hansard firm’s accumulated profits hit €1.3m

Accumulated profits at the entertainment firm owned by Oscar winner and former busker, Glen Hansard last year increased by more than €90,000 to €1.3 million.

Accounts filed by Hansard's Plateau Records Ltd show the artist – who left school at the age of 13 to go busking on Dublin's Grafton Street – had a lucrative year as he shared pay of €261,000.

Gig cancellation

The accounts show that the company’s cash reserves last year increased from €779,072 to €896,685, while accumulated profits went up by €93,409 to €1.302 million in the 12 months to the end of November. That followed a loss of €61,060 in 2018.

Last year, the Dubliner completed a string of US dates followed by a European tour. However, like so many in the entertainment industry, Covid-19 has halted much of Hansard’s earning power with no live concert performances since March.According to the singer songwriter’s website, Hansard is due to join old colleagues in The Frames for a number of dates in the US in September.

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Directors’ remuneration

The northsider first shot to prominence with The Frames over 25 years ago and the accounts show that the firm’s directors’ remuneration last year decreased from €307,700 to €285,000.

Hansard serves on the board with Claire Leadbitter.

A Ballymun native, Hansard achieved worldwide fame in 2008 when he and then girlfriend, Marketa Orgliva, won an Oscar for the hit Falling Slowly from the film Once.