{"id":24374,"date":"2016-11-23T13:57:26","date_gmt":"2016-11-23T13:57:26","guid":{"rendered":"http:\/\/essentiallypop.com\/epop\/?p=24374"},"modified":"2016-11-23T13:57:26","modified_gmt":"2016-11-23T13:57:26","slug":"louis-walshs-golden-touch-tarnished-as-credit-scores-fall","status":"publish","type":"post","link":"https:\/\/essentiallypop.com\/epop\/2016\/11\/louis-walshs-golden-touch-tarnished-as-credit-scores-fall\/","title":{"rendered":"Louis Walsh’s Golden Touch Tarnished As Credit Scores Fall"},"content":{"rendered":"

\"louis-walsh\"<\/h4>\n

The good old days seem like they might be\u00a0behind him as three out of four of Louis Walsh’s\u00a0existing companies are ruled as\u00a0Fair Trade Risks, with credit scores dropping\u00a0to under 70%.<\/strong><\/h4>\n

One of them, Louis Walsh Management Limited, has had a warning written against it, with\u00a0the last account update filed\u00a0in 2014. The\u00a0company earlier this month submitted a request to change the\u00a0company’s NARD (Next Annual Return Date), something which is usually done when a company feels they won’t be able to submit\u00a0their annual return on time for whatever reason.<\/p>\n

Another of Walsh’s companies, Brill Management Limited, which he\u00a0co-directs with Desmond Morris, has been rated a Low Trade Risk, with a credit score of 94 out of a possible 100. Morris is also a co-director with Walsh’s in two other companies, Ennabin Limited, and Louis Walsh Management Limited. His fourth\u00a0company, Carol &\u00a0Associates, is\u00a0co-directed\u00a0by\u00a0Carol Hanna. These last three companies have all been rated as a Fair Trade Risk, with credit scores of 69 out of 100 for each of Brill and Carol & Associates, and a lower score, 67 out of 100, for Louis Walsh Management.<\/p>\n

The total\u00a0assets in Carol & Associates were reported as of 30 June this year as being \u20ac50,652, which is a loss of 50.22% on last year’s assets. Additionally, the cash held in the company was down by 62.28% on the previous year’s report.<\/p>\n

Brill Management suffered a slightly smaller loss, with the last report from 29 February this year claiming assets of \u20ac1,569,563. This is a reduction of\u00a09.10% on last year. Likewise, the cash in the company has also been reduced, down to \u20ac333,578, a total decrease of 31.93%. Brill’s\u00a0working capital, which is calculated by subtracting the current liabilities from the current assets, has gone down by 10.93%, and the company’s profit and loss account reserve – the fully distributable balance of retained earnings to carry forward –\u00a0\u00a0has been reduced by 10.31%.<\/p>\n

Louis Walsh has been a director of a total of eight companies over his working life, four of which have been dissolved. He is known to have given tax advice to others in the entertainment industry, including Cheryl, who says Walsh recommended an accountant she used to advise her on tax affairs.<\/p>\n

*information contained in\u00a0this article\u00a0is available to the public from Solocheck<\/a> and DueDil<\/a>.<\/h6>\n","protected":false},"excerpt":{"rendered":"

Three out of four of Louis Walsh’s existing companies are ruled as Fair Trade Risks, with credit scores dropping to under 70%.<\/p>\n

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