Belfast Telegraph

Co Tyrone door maker sees profits rising 14% to £4.2m as it plans more expansion

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A CO Tyrone kitchen and bedroom door maker has seen pretax profits increase to almost £4.2m.

BA Components in Cookstown was founded in 1990 by twins Brian and Kieran McCracken.

The firm has now witnessed a boost in profits, according to the latest accounts for BA Kitchen Components Ltd, for the year ending March 31, 2017.

Profits rose by more than 14%, increasing from £3.6m to £4.2m in the last year.

Overall, revenues remained fairly static, sitting at £29.3m, according to the latest accounts.

The company also grew its staff numbers, rising from 237 to 242.

“The company will continue to seek every opportunit­y to increase profitable turnover”, the firm said in its strategic report.

“The directors are committed to long-term creation of shareholde­r value by increasing the company’s market share in the UK, Irish and global markets.

“While the current economic conditions remain challengin­g, the directors are confident that their strategy will result in future growth in turnover, and in profitabil­ity.

“Further successful implementa­tion of their growth strategy, combined with achievemen­t of improvemen­ts in buying, inventory management, and overhead cost savings has resulted in the satisfacto­ry results for 2017, despite the sector remaining highly competitiv­e and the continued challengin­g economic environmen­t.”

The company said that “early results for the incoming year are satisfacto­ry and the directors expect another year of satisfacto­ry progress”.

BA manufactur­es kitchen and bedroom doors and furniture components. And earlier this month, the company received funding from H2 Equity Partners, which it said would enable it to continue investing in its manufactur­ing sites and bring out new product ranges.

Brian McCracken is staying in his role of managing director, while Kieran McCracken remains as operations director. H2 partners Simon Gilbert and Cathal Turley are joining as directors.

BA has become a major UK manufactur­er and exporter to the UK, European and global furniture components industry.

It supplies more than 50,000 doors a week to companies worldwide.

It already exports to 27 countries but is hoping to develop the potential of the Chinese and Middle East markets.

As well as its site in Cookstown, the company also manu- factures in Doncaster in Yorkshire and at BA Clic Components in Rotherham, where it puts together its tool-less assembly ClicBox kitchen and furniture cabinets. The Rotherham site was establishe­d last year.

A spokesman said: “BA are pleased to announce this significan­t new investment from H2 Equity Partners, which will support BA’s strategy of continued investment in our manufactur­ing sites and bringing new product ranges to market and being able to serve all parts of the market.”

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