Cash pile at O’Donnell’s company tops €1m

The cash pile at Daniel O’Donnell’s main firm almost doubled last year to top €1m.

However, accounts show the Donegal crooner’s business is not immune from the effects of the recession, with his firm’s fixed asset investments incurring a writedown in value of €2.1m.

Accounts for O’Donnell’s DOD Promotions Ltd show accumulated profits reduced from €4.89m to €3m as a result of the writedown of fixed asset investments from €2.6m to €500,000.