Jedward post €230k losses

The entertainment firm Planet Jedward owned by Ireland’s most famous twins has crashed back to Earth after chalking up combined losses of €234,000 in two years.

New accounts show that John and Edward Grimes’ firm last year recorded a loss of €104,447 and this followed a loss of €130,182 in 2014.

The hefty losses sustained by the firm last year has resulted in Planet Jedward being in the red at the end of 2015 with an accumulated loss of €40,033.

This is a long way from the firm’s accumulated profits totalling €578,654 at the end of 2012 representing a drop of €618,687 in accumulated profits over the three years.

The accounts show that the twins last year took no pay from the firm after sharing €66,482 in pay in 2014 and €100,331 in 2013.