Kil­waugh­ter Hold­ings

Belfast Telegraph - Business Telegraph - - Analysis & Company Report -

Kil­waugh­ter Hold­ings is a fam­ily-owned par­ent com­pany for a group in­clud­ing sub­sidiaries in North­ern Ire­land and the Republic of Ire­land, trad­ing orig­i­nally as Kil­waugh­ter Chem­i­cals. The busi­ness of the group is de­scribed as lime­stone quar­ry­ing and min­eral pro­cess­ing.

Quar­ry­ing of lime­stone has long been a fea­ture of places near the east coast of Co Antrim and this group may now be the main, con­tin­u­ing lime­stone quar­ry­ing busi­ness.

In ad­di­tion to its trad­ing busi­ness, the group also holds a sig­nif­i­cant pro­por­tion of its as­sets in in­vest­ments and in in­vest­ment prop­erty. These in­vest­ments con­trib­ute to pre-tax prof­its.

In the fi­nan­cial year to April 2016 the group posted an im­pair­ment charge aris­ing from its fixed as­sets of £1.4m and aris­ing from in­vest­ment prop­erty of £0.2m.

Turnover for the group has in­creased steadily in the last three years from £25m in 2013-14 to nearly £30m more re­cently. The in­creases in turnover have been linked to pro­por­tion­ate in­creases in oper­at­ing prof­its but, with some as­set dis­pos­als and the more re­cent im­pair­ment of as­sets, pre-tax prof­its have in­creased more slowly.

The group seems to have a care­ful phased pol­icy in set­ting div­i­dend pay­ments. In 2015-16 div­i­dends of £1.5m were de­cided. Re­main­ing post-tax prof­its were re­tained in the group as an in­crease in re­serves.

Em­ploy­ment num­bers av­er­aged 130 in 2015-16, which was an in­crease of 11 in the year and a fur­ther in­crease of em­ploy­ment com­pared to three years ago.

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