Tubridy’s firm see profits rise by 75%

Accumulated profits at the media firm owned by RTÉ star Ryan Tubridy increased by 75% last year, newly released figures show.

Accounts just filed by the Late Late Show host’s firm, Tuttle Productions Ltd to the Companies Registration Office, show the firm’s accumulated profits increased from €34,396 to €60,446 in the 12 months to the end of August last year.

The figures show that the company’s cash pile also increased by 32% from €89,140 to €117,806.

Earlier this month, the Dubliner said he is “more than willing to do my bit” in the wake of €25m cutbacks announced for RTÉ.

Figures released by RTÉ last year show that the 37-year old earned €519,667 from RTÉ in 2009 — the third highest amount behind Pat Kenny.

The 2FM presenter – who is not an RTÉ staff member, but a contractor — has already incurred paycuts and Mr Tubridy said earlier this month: “What I do think is fair is that I am getting a cut, and rightly so... That’s the real world... I don’t have a problem with it so it’s not an issue for me.”

The figures show that Tuttle Productions Ltd last year paid €1,005 in corporation tax and paid no corporation tax in 2010.

The figures show that the company paid an additional €38,382 in VAT/ PAYE/PRSI in 2011.

Separate accounts lodged by the media firm operated by another RTÉ high-earner, Eamon Dunphy show that it increased its accumulated profits by 20% from €371,130 to €447,771 in the 12 months to the end of December 2010.

Accounts lodged by MAC Consultants Ltd show the firm’s total shareholder funds rose from €672,399 to €749,040.

It paid corporation tax of €3,519 in 2010 up from €1,827 in 2009. The firm paid an additional €36,288 in VAT/PAYE/ PRSI.

The figures show that €54,292 was repaid by the company to the company’s two directors, Eamon Dunphy and Timothy Dunphy with €4,397 advanced from directors.

According to RTÉ, Mr Dunphy sustained the largest cut of RTÉ’s top 10 with his 2008 earnings of €328,051 dropping to €225,485 in 2009.