Tommy Tiernan's firm had profits of €222,304 before pandemic

Tommy Tiernan's Firm Had Profits Of €222,304 Before Pandemic
Tommy Tiernan has fronted one of the TV hits of the current Covid-19 lockdown with his Saturday night chat-show
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Gordon Deegan

A company owned by comedian, Tommy Tiernan recorded profits of €222,304 before the Covid-19 pandemic shut down the live comedy industry.

Tiernan has fronted one of the TV hits of the current Covid-19 lockdown with his Saturday night chat-show outperforming The Late Late Show at times and securing an extended run.

Accounts for Tiernan's Mabinog Ltd show that it enjoyed a bumper year in 2019 before the pandemic last year decimated the Co Meath’s man’s stand-up income revenues, which was the mainstay of his business.

The figures show that the cash reserves at the company increased more than nine-fold in 2019 rising from €73,603 at the end of 2018 to €686,294 at the end of 2019.

The company’s €222,304 profit for 2019 followed a loss of €158,289 for 2018.

The company also had an investment property on its books valued at €310,122 at the end of 2019. The valuation put on the property by a selling agent in 2019 was €40,000 less than the valuation put on the property at the end of December 2018.



Separate accounts for another Tiernan firm, Mabinog Publishing Ltd show that it had accumulated profits of €544,769 at the end of 2019 after recording a profit of €33,528 for the year.

Tiernan – who spent five to six years on the dole in Galway before earning a living from comedy - has said previously: “I didn’t get into stand-up for the money. I never thought I would earn a living from stand-up.”

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On his love of being a stand-up, Tiernan said: “I think it is a great job. I love it. Getting up in front of people and making them laugh –it’s stunning.”

Comedy rivals

Separate accounts for a company owned by another of Ireland’s top comedians, Jason Byrne shows that its accumulated profits increased marginally to €1.065 million at the end of 2019.

Jason Byrne Entertainment Ltd's cash pile increased from €169,325 to €198,111. Directors’ pay totalling €296,298 was made up of pay of €236,298 and pension payments of €60,000. The Byrne firm recorded sales during 2019 of €206,120 with another Jason Byrne company, Special Eye Entertainment Ltd.

Accounts for comedian David O’Doherty’s comedy firm, David O’Doherty Ltd show that its accumulated profits dipped to €762,293 in 2019. Directors’ pay at the company totalled €284,820 made up of €140,000 in pay and pension contributions of €140,820.

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