A plus size clothing store co-owned by Boyzone star Keith Duffy has reported reduced accumulated profits in its latest accounts after recording a loss of more than € 35,000 last year.
KSG Limited, which operates under the name Plus & Minors, specializes in the sale of plus size clothing for men and women with generous shapes. The shop, located in Inchicore, Dublin, also offers baby clothes.
Duffy (42) is a director of the company and owns a third of its shares with his father, Sean Duffy (71), and his business partner, Geraldine Kelly (58).
KSG Ltd accounts show that the company recorded a loss of € 35,108 in the 12-month period ending at the end of January 2017, but cumulative profits remained strong at € 216,210.
Four people employed
The company’s cash flow was depleted by € 12,719 during the year and amounted to € 72,671 at the end of the year. It also had tangible fixed assets worth € 47,156 and stock valued at € 136,971 on its balance sheet.
The company employed four people in administration and sales, who were collectively paid a total of € 145,600 in wages and salaries. The directors of the company received compensation of € 65,158.
Duffy is best known for his role with Boyzone, which has sold over 25 million records worldwide since the group formed in 1994. He has also worked as a TV presenter and actor both on screen and on stage.
He played bartender Ciaran McCarthy in Coronation Street, as well as in roles in successful Irish productions The clinic, Fair town, Love-hate and Mrs. Brown’s Boys D’Movie.
Earlier this year, it was announced that Boyzone had signed a contract with Warner Music for a new album and an arena tour starting in August and continuing into 2018. Four UK dates have been confirmed to date.