Boyzone on song as band’s cash pile rises to €120k

Boyzone’s album and tour celebrating their 20 years together has paid rich dividends with its entertainment firm’s bank balance last year increasing eightfold to €122,312.

Figures lodged by the band’s Lunaria Ltd holding company show the firm’s cash pile rose from €14,468 to €122,312 in the 12 months to the end of August last.

In the same period, the firm’s accumulated profits fell from €59,533 to €55,003.

The accounts don’t provide a revenue figure for the year and the directors of Lunaria Ltd are listed as band members Ronan Keating, Keith Duffy, Mikey Graham, and Shane Lynch.

The returns show the estate of deceased band member Stephen Gately retains a 20% shareholding in the company.

Boyzone are one of the most successful boybands ever in Ireland and the UK, with nine Irish number one singles and six No 1s in the UK, selling millions of records worldwide. The accounts show remuneration and other emoluments to directors last year dipped from €150,000 to €125,100.

Celebrating their 20 years as a band, Boyzone performed a string of Irish and UK tour dates and also released an album, BZ20, which sold 200,000 copies in the UK.

The band continue to add to their coffers with a recent gig at Jakarta and also will perform a string of dates in the UK in the coming weeks, including Edinburgh Castle on July 25.

The firm’s accounts are overseen by Limerick-based showbiz accountants, Live Wire Business Management.