Damien Rice's firm has cash pile of €500,000

The music company of singer-songwriter Damien Rice has reported a cash pile of almost €500,000, in accounts just filed to the Companies Registration Office.

The Kildare-born performer is the sole shareholder, and a director, of Damien Rice Music Limited. His sister, Fiona, 39, is also listed as a director.

The company’s directors were paid remuneration of €277,419 during the financial year ending June 30, 2015.