Singer's entertainment firm records €180k loss
The main entertainment firm owned by singer Sinead O'Connor plunged into the red last year, according to new accounts.
New returns filed by O'Connor's So Touring Ltd show that the firm had accumulated losses of €186,565 (£160,000) last year. The firm had accumulated profits of €70,901 (£60,000) the previous year, which implies a negative swing of €257,466 (£221,000) in 12 months. However, the loss is explained by O'Connor lending the firm an additional €254,819 during the year.
The firm had no cash at the end of the year.
However, the amount owed by debtors increased from €89,348 to €182,231. The firm going into the red coincided last year with O'Connor releasing her first album in five years 'How About I Be Me (And You Be You)?' to enthusiastic reviews.