ONE Direction made almost £1million last year – despite breaking up five years ago.
Zayn Malik, Harry Styles, Niall Horan, Louis Tomlinson and Liam Payne have been cashing in ever since finishing third on The X Factor in 2010.
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According to new company accounts for 1D Media and PPM Music, their financial statements reveal their latest profits have taken the net worth of their pop firms to a cool £10.2m.
The bulk of their profits have been run-up at 1D Media, which was set up in 2010.
Its accounts were signed off by manager Alan McAvoy last week and are just in on Companies House.
They report a £785,577 profit to take the net worth of the business to £7,819,089.
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With accounts revealing £4,135,397 was held in cash at the firm, plus £5,035,744 in monies owed to the business.
These assets were offset by £1.3m worth of bills to leave the £7.8m net worth of the firm.
On top if the millions in 1D Media One Direction retain £2,371,161 in PPM Music.
This net worth was reported in accounts in October.
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It was a modest increase on the £2,276,802 held in the firm in the previous year.
PPM Music launched in 2011 – nature of business reported as ‘performing arts’ on Companies House.
Their accounts are for the year ended on December 31, 2019.
1D Media is their biggest business as it was the firm through which the boys banked most of their pop millions.
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Accounts for it revealing profits of more than £209.8m and reported pay to each of the five at £21.9m over the lifetime of the firm.
The firm has been controlled by Styles, Tomlinson, Horan and Payne since Malik left the group – though Malik does retain a 20% stake in PPM Music.
The five have forged solo careers since putting One Direction on hold, but have not ruled out getting back together at some point.
