Louis Walsh's entertainment firm records loss of €53k

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

Figures lodged with the Companies Office by the Mayo man show that Brill Management Ltd recorded the loss after more than quadrupling profits to €1.26m in 2011.

The firm had accumulated profits of €1.32m at Nov 30, 2012. Its cash reduced during the year from €671,244 to €587,485.