Susan Boyle’s companies earn £2.5m in a year

Susan Boyle continues to rake in the cash. Picture: Scott Taylor
Susan Boyle continues to rake in the cash. Picture: Scott Taylor
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SUSAN Boyle’s companies raked in almost £2.5 million last year, new figures have revealed.

The crooner’s four firms are boasting healthy balances thanks to her global success since rising to fame on Britain’s Got Talent in 2009.

Latest accounts filed with Companies House earlier this month show Susan’s main company Duil Limited generated £1,535,651 in the last year.

Two other firms which she controls, Speur Limited and Speur Business, had combined profits of £718,766.

A fourth firm Speur Films, set up amid plans for a Hollywood movie of her life and incredible rise to fame, made £121,656.

Subo was given full control of her financial affairs for the first time in 2011 and the latest accounts cover the period up to March 31 this year.

The 54-year-old, from Blackburn, West Lothian, was made a director and the owner of all the shares in her firms which handle income from her music and merchandising.

Financial experts said the cash held in the accounts would not represent the full value of the star’s wealth.

A source said: “The figures show that the Susan Boyle brand continues to be a big cash generator.

“She will be receiving revenue through other means than her companies and the amount of money in these accounts may only be a fraction of her total earnings.

“Susan has been made a director of the companies and is the ultimate controlling party, giving her the final say on all aspects of her financial 
affairs.”

When the companies were first set up to control Susan’s finances in October, 2009, they were run by her niece Kirsty Foy and Ossie Kilkenny, the showbusiness accountant who helped turn U2 into multi-millionaires.

However, their appointments as directors were terminated in March 2011 and Susan and her trusted manager Andy Stephens now control them.

Last year, Susan, who has released six albums, splashed out some of her cash by buying the house next door to hers in Blackburn.

She paid £110,000 for the neighbouring property and plans to convert the two homes into a six-bedroomed property.

In an interview with Piers Morgan on his ITV Life Stories series in 2010, SuBo insisted she was happy with a few hundred pounds a week and wasn’t interested in splashing out on luxuries like expensive cars.

She said: “I’ve only just learnt how to go in a taxi. I don’t flash the cash.

“I’m always careful with money. I’m not saying I’m mean, but I’m always careful. I have an allowance, it’s about £300-£500 a week because that’s plenty for me. It’s pocket money.”

Susan’s company names both use Scottish Gaelic words. Duil means “hope” while speur is Gaelic for “sky”.