Accumulated profits at Patrick Kielty firm surge to €1.6m in 2023

Kenneth Fox

Accumulated profits at the media firm owned by Late Late Show host, Patrick Kielty surged last year to £1.37m (€1.6m) - before the comedian got the plum RTÉ presenter’s job.

The jump in accumulated profits at Kielty’s Boxed Productions followed the firm recording post-tax profits of £234,649 (€274,004) for the 12 months to the end of March last - before the comedian and actor was unveiled as the Late Late Show host role in May.

In accounts lodged with Companies House in the UK, they show that accumulated profits increased from £1.136 million to £1.37 million.

The £234,649 profit for last year is almost a six-fold increase on the £41,379 post-tax profits recorded by Kielty’s Boxed Productions Ltd in the 12 months to the end of March 2022.

During the firm’s buoyant 2023, the company’s cash funds increased from £338,424 to £461,661 while the amount owed to the firm by debtors rose from £787,636 to £1 million.

Numbers employed by the firm increased from two to three last year.

As the firm is a small company, it is not required to disclose annual revenues, directors’ pay or staff costs.

Kielty from Dundrum, Co Down is being paid €250,000 per the 30-year Late Late Show season after commencing the role last September.

The contract allowed the 53-year old Kielty to submit his flight and accommodation expenses, but he confirmed last June that he waived these costs.

Kielty is only the fourth host to present the Late Late Show following on from Ryan Tubridy, Pat Kenny and the late Gay Byrne.

Following the May announcement, Kielty said he was “absolutely thrilled” to be its next host and said it was a “real honour” to follow in the footsteps of former hosts Gay Byrne, Pat Kenny and Ryan Tubridy.

He said: “I’m also genuinely humbled to have become part of Friday nights for so many Irish people, at home and around the world."

The Kielty presented 2023 Late Late Toy Show was a record breaking broadcast and was watched over 1.7m times, including catch-up viewing, making it the most-watched programme of 2023 here.

The presenter’s much anticipated Late Late Show debut in September had an average of 830,000 people and had a further 158,000 streams on the RTÉ Player.