Cash at Westlife’s firm grows five-fold in 2010

CASH held by the main entertainment company owned by chart-topping boy band Westlife increased five-fold last year to €450,069, new figures show.

Accounts just filed by Bluenet Ltd with the Companies Registration Office show that the firm’s accumulated profits more than doubled from €20,073 to €49,448 in the 12 months to the end of October.

The Limerick-based company is entirely owned by band members Nicky Byrne, Shane Filan, Mark Feehily and Kian Egan.