Patrick Kielty's firm recorded profit of €173,000 after landing Late Late gig
The TV presenter incorporated Pamanco Ireland Ltd in May 2023 - the same month in which he was unveiled as the successor to Ryan Tubridy to host the Late Late Show.
In June 2023, Kielty confirmed that his three year contract involved RTE paying him €250,000 for each of the three 30-episode Late Late Show series.
Kielty was to also receive a one-off payment of €20,000 to cover pre-production and rehearsals before his September 2023 debut while he waived flight and accommodation expenses.
Now, the first set of accounts filed by Pamanco Ireland Ltd show that from the date of incorporation on May 17th 2023 to the end of July last, the company recorded revenues of €286,656.
The company recorded a gross profit of €239,819 after incurring cost of sales of €46,837.
The company's pre-tax profits of €173,273 was recorded after administrative expenses of €66,546 were incurred.
The company recorded a post tax profit of €151,614 after incurring a corporation tax charge of €21,659.
In accounts signed off by Mr Kielty on May 8th, they state that under the heading of future developments, that the company 'plans to continue its present activities and current trading levels'.
The firm is a subsidiary of Kielty's London based Boxed Productions Ltd.
Accounts recently filed by Boxed Productions Ltd to Companies House in the UK show that it had accumulated profits of £1.37m at the end of March 2024.
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The company's current assets made up of cash and money owed by debtors totalled £1.5m.
The company is classified as a micro company and is not required to disclose revenues recorded for the year.
Kielty is only the fourth host to present the Late Late Show following on from Ryan Tubridy, Pat Kenny and the late Gay Byrne.
During the current season, the Home Alone themed Late Late Toy Show broke its own viewing record with over 1.6 million viewers which included catch-up viewing on Saturday and Sunday and the repeat broadcast.
The presenter's much anticipated Late Late Show debut in September 2023 in the financial year under review had an average of 830,000 people and had a further 158,000 streams on the RTÉ Player.
Prior to securing the Late Late Show role, Kielty was a popular face on UK TV and has presented shows on the BBC, ITV and Channel 4 including Fame Academy, Love Island and Stand Up for the Week.
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