Ryan Tubridy firm returns to profit in 2023
The Months Of Ryan Post End December For A Of Profit Tubridy's Ltd Productions Tax Tuttle €37,094 To The Recorded 12 Last
The media firm controlled by former RTÉ presenter Ryan Tubridy returned to profit last year during a tumultuous year for the broadcaster.
New accounts lodged by the broadcaster’s Tuttle Productions Ltd with the Companies Registration Office (CRO) show that the company recorded a post-tax profit of €37,094 for the 12 months to the end of December last.
The post-tax profit of €37,094 for 2023 followed a post-tax loss of €41,318 in 2022.
The new accounts don’t disclose the pay Mr Tubridy shared in 2023 as directors’ pay is not revealed.
This is in contrast to prior year accounts for 2022 which disclosed that €441,077 was paid out to directors that year and this followed €440,924 paid out to directors in 2021 — a total of €882,001 over the two years.
The move not to disclose directors' pay is common practice in company accounts filed on behalf of high-profile TV and radio presenters.
At the end of last year, Tuttle Productions Ltd had shareholder funds of €19,893. The company’s current assets made up of its cash funds and money owed by debtors totalled €84,813.
The Virgin Radio UK presenter is the sole director after his mother, Catherine Tubridy, resigned from the company at the end of last year.
The six-page accounts don’t disclose the company’s revenues for the year and the firm is not required to such detail as it qualifies as a micro company under the Companies Act 2014.
Mr Tubridy's move to Virgin Radio UK in London followed his exit from RTÉ in the wake of the organisation’s hidden payments scandal last year.
In June 2023, it emerged that RTÉ had not publicly disclosed payments made to him under a side deal. Two months later, RTÉ's director general, Kevin Bakhurst said there were “no plans” for the presenter to return to Radio 1.
Figures released in August this year show that Tubridy has 503,000 listeners on Virgin Radio UK with his audience swelling 10pc between his first and second quarters on air.
The former best-paid presenter on RTÉ referred to his high pay before the Dáil Public Accounts Committee (PAC) in July 2023 when he told members: “I understand that the amount of money we’re talking about is eye-watering, I’m not a fool, I understand that. But I haven’t changed as a person over those years, despite the extraordinary bank balance.”
The most recently published top ten RTÉ on-air earners for 2022 show that Mr Tubridy was paid €515,000 that year.
Before he took up his morning presenting job with Virgin Radio, Tubridy said in an interview: "I loved working in RTÉ. I worked with the best in the business in RTÉ. I had the best team in the business and they remained steadfast and loyal and kind, and I do miss them. I will always cherish my time there.”