Comedian laughs all the way to bank but he won’t go on a cruise
COMEDIAN Frankie Boyle is laughing all the way to the bank after his company made more than £1 million last year.
The controversial Glasgow-born stand-up’s personal company has just posted a healthy set of figures for the last year.
His earnings have rocketed since he shot to fame on the BBC panel show Mock the Week in 2005.
He has coined in a fortune from television appearances, programmes and sell-out tours.
Latest accounts for his company McShane Karate show the firm has total assets of £1,001,417.
That is made up of £974,108 held in the bank and £27,309 owed by debtors.
Boyle, 44, owes £211,065 to unnamed creditors within a year leaving him withprofitsof£790,352–a massive jump from the previous year’s figure of £77,000.
Last year, Boyle bagged a £1.7m payday after dissolving a previous firm that handled his profits.
He cashed in after putting his personal company Gentlemen Artist into voluntary liquidation.
Boyle formed Gentlemen Artist in 2011 after putting his previous company Traskor Productions, which had assets of £2.5m, into voluntary liquidation.
The move prompted Boyle to defend his financial arrangements after it was suggested it had reduced the amount he owed in tax.
At the time, he insisted he had paid £2.7m in tax since 2007 – just under 40 per cent of his income.
He said: “There’s a lot of things people do to avoid paying tax and I don’t do any of them. I wound my company up for legal reasons separate from tax and my accountant applied for tax relief on this. I am certain I pay more tax than most people in showbusiness and the cabinet.”
Boyle is also a director of comedy venue company Salt ‘N’ Sauce Promotions, along with SNP MP Tommy Shepherd, which has assets of more than £1m.
Despite his earnings, Boyle, has described money as “pointless” and said he did not enjoy splashing out on so-called luxuries.
In an interview with fellow comedian Frank Skinner last year, he said: “I think ultimately money is pretty pointless. When you get to the point that you have money you realise that luxury and that whole idea you were sold of ‘Oh it would be nice to go on a cruise’, well it really isn’t.”