Girls Aloud star nets €330k

Nadine Coyle has received over €330,000 from the wind-up of the firm behind one of the most successful pop groups in history, Girls Aloud.

Girls Aloud star nets €330k

The figure is included in documents, lodged with Companies House in the UK, showing that the five band members shared a windfall of over £1.2m (€1.655m).

Tapeview Ltd was voluntarily wound up in February 2014 as the members sought to cash in on their worldwide success. The band, featuring Derry native Nadine, Cheryl Cole, Sarah Harding, Kimberley Walsh, and Nicola Roberts, split up in 2013.

During their time together, Girls Aloud sold 4m albums and 4.3m singles, with some of the band’s number ones including the award-winning ‘The Promise’ and Sound of the Underground.

Tapeview employed Alan McEvoy’s Limerick firm, Livewire Business Management (LBM), to help with its voluntary wind-up.

Sean Croston of Grant Thornton was, in turn, appointed as liquidator of the holding company. All band members resigned as directors from the firm in February of last year with Mr McEvoy appointed as company secretary on the same date.

Arising from the winding up, Nadine Coyle and the other band members each received £243,574.

The documents, lodged by Mr Croston, show that each band member first received £216,140 ( last October.

In addition, Mr Croston said that on April 2 of this year, he paid a first and final cash distribution of £27,434 to Ms Coyle and the other four from the £137,174 cash pile that was left in the company.

The documents show that the average hourly rate charged by Mr Croston’s firm was £268 with the final bill at £10,480, after more than 38 hours spent on the liquidation.

Following a critically acclaimed performance as Erin the Goddess in Michael Flatley’s Lord of the Dance, Nadine is back in the studio for an album to be released later in the year.

More in this section

Lunchtime
News Wrap

A lunchtime summary of content highlights on the Irish Examiner website. Delivered at 1pm each day.

Sign up
Revoiced
Newsletter

Our Covid-free newsletter brings together some of the best bits from irishexaminer.com, as chosen by our editor, direct to your inbox every Monday.

Sign up