€3m loss for firm controlled by U2

A Dublin-based firm controlled by the four members of U2 plunged into the red last year.

New figures for the band’s U2 Ltd show that the firm’s accumulated profits plunged by more than €4.08m from an accumulated profit of €975,837 to an accumulated loss of €3.1m in the 12 months to the end of December last.

Figures just lodged with the Companies Office show the cash pile at the band’s firm last year fell 56% or €1.3m from €2.3m to €1m. Auditors, Mazars, confirm the company recorded a loss last year.