Forever Is Over? Day & Night Ventures Liquidated
Reports today that The Saturdays own performance firm ‘Day & Night Ventures’ has been liquidated earning each member a cool €314,000 before tax.
Reporting in the Irish Sun – suggests that the liquidation is being overseen by Limerick based accountant to the stars, Alan McEvoy of Livewire Business Management (LBM).
Day and Night Ventures Ltd’s declaration of solvency lodged with Companies House in the UK show that it had £67,777 in cash at the bank and £1.23m in other assets.
After the estimated £10,000 in relation to the costs of liquidation and £52,601 in corporation tax are taken into account, the estimated surplus for the firm after paying debts is £1.242m.
With no performance company to plow their money into would suggest that this break for the group really is an extended one. As the report says there’s no reason to why a new company could be setup, but it would suggest that a group reunion isn’t on the cards in the foreseeable future.