A concert promotions company has reported record sales and profits after receiving a boost from over 1,000 extra shows that were postponed due to the Covid-19 pandemic.
Stockport-headquartered SJM Concerts was co-founded by Chris York and Simon Moran and has promoted shows for the likes of Take That, Spice Girls, Foo Fighters and Stormzy as well as Coldplay, Robbie Williams, Peter Kay, Billie Eilish, Adele and The Killers.
Mr Moran is also the owner of Super League side Warrington Wolves who published their own accounts in August. In addition, the businessman is a shareholder in the new Co-op Live arena that is being built in Manchester.
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According to newly-filed documents with Companies House, SJM Concerts' turnover increased from £80.4m to £274.9m in 2022 while its pre-tax profits went from £4.3m to £17.7m.
The parent company of both SJM Concerts and Wolves, SJM Holdings, reported a turnover of £280.5m, up from £85.4m, while its pre-tax profits grew from £4.1m to £16.6m.
A statement signed off by the board said: "Turnover rose to £275m as a result of having a very successful year of trading at a level in excess of a normal year, following two years of lockdown restrictions.
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"The level of trade in 2022 was above normal due to the volume of additional shows being rescheduled from 2020 and 2021 into 2022, with 2,160 shows promoted in 2022 compared to 1,016 in 2021.
"We are continuing to observe strong demand for live music events and anticipate another successful year ahead, despite the inflationary pressures being experienced within the global economy."
It added: "The company has implemented management policies in recent years which have allowed the company to compete profitably within its market.
"Activity levels were temporarily impacted due to the Coronavirus pandemic in 2020 and the first half of 2021, and the company has returned to normal levels of activity in 2022. The directors are confident that this will continue going forward in to 2023 and 2024."