Pop guru, Louis Walsh, last year shared more than €335,000 in wages as a director of his main entertainment firm.

X Factor judge Louis Walsh’s entertainment firm slipped into the red last year to record a loss of €53,234.

The X-Factor judge Louis Walsh’s entertainment firm more than quadrupled its pre-tax profits last year to €1.268m.

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.