Latest accounts for McAleer & Rushe Contracts UK Ltd for the year ended 31st December 2021 show turnover of 拢400.5m and pre-tax profit of 拢15.0m.
Turnover was 38% ahead of 2020鈥檚 拢290.1m and 18% ahead of 2019鈥檚 拢340.4m.
Pre-tax profit was 72% ahead of 2020鈥檚 拢8.7m and 9% ahead of 2019鈥檚 拢13.7m.
The 38% turnover growth was exactly what the directors predicted this time last year, when that they said that despite Covid, they were feeling "very positive." [See our previous report here.]
Finance director Eamon Higgins said that turnover for 2022 is projected at 拢425m 鈥渋n line with the controlled growth strategy of the company鈥�.
The company signed two large residential contracts in 2021 with key repeat clients Tayl;or Wimpey Central London and Legal & General. 鈥淭hese awards reflect increased funder focus on residential sector during 2021,鈥� Mr Higgins said.
Dividends of 拢10m were paid out to the shareholders, chairman Seamus McAleer and chief executive Eamonn Laverty, up from 拢4m in 2020 and 拢8m in 2019.
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