Ronan McCabe, the managing director of the award-winning Double Z Enterprises, confirmed the firm would return to profit this year after recording a loss in 2011.
Abridged accounts filed by the veteran entertainers’ production firm, Zig & Zag Enterprises Ltd (trading as Double Z Enterprises) show its accumulated profits dropped by 43% or €92,576 from €214,362 to €121,766 last year.
Zig and Zag’s creators, Mick O’Hara and Ciarán Morrison, are celebrating 25 years this year as the two Planet Zog characters, having first appeared on RTÉ’s Dempsey’s Den in 1987.
Mr McCabe said: “2011 was a lean year, but we could see it coming and we were able to ride it out.”
He added that “the business is quite cyclical and project-based and we are back in production now. This year has been very, very positive and very much improved on 2011. We are quite optimistic at the moment.”
Mr McCabe said they& had a six-part series of Zig & Zag’s Superbloopers on RTÉ during the summer and he was concluding a BBC worldwide distribution deal for a new series Double Z is co-producing around the Zig & Zag characters. The cartoon is made being made for CBBC and involves 26, 11-minute episodes.
The firm is also behind the Podge and Rodge characters and Mr McCabe said: “We produced a new PJ Gallagher show for Channel 4 over the summer that should be going out in the New Year.” The firm has also been commissioned to develop a sitcom for Sky that will feature new characters in a mix of puppetry and live action.
Mr McCabe added that Double Z was also working on a movie script around a historic romantic comedy in Dublin which does not feature puppets.
The figures show that the firm’s cash last year reduced from €203,452 to €115,844.