Com­pany Re­port

Belfast Telegraph - Business Telegraph - - News -


Bo­real has its par­ent com­pany reg­is­tered of­fice in Por­ta­d­own. How­ever, Bo­real is the par­ent of a di­verse group of busi­nesses trad­ing not just in North­ern Ire­land but also in Great Bri­tain, France and Hong Kong.

Bo­real holds 100% of the share cap­i­tal in Noel Eakin and Sons and has a ma­jor­ity share­hold­ing in many of its sub­sidiaries trad­ing as Hills Num­ber­plates, Hills France SAS, Faab Fabri­canto SAS and Ti­flex IM. The principal ac­tiv­i­ties of the group are the devel­op­ment, sup­ply and man­u­fac­ture of ve­hi­cle num­ber plate com­po­nents as well as re­lated spe­cial­ist signs, plas­tic in­jec­tion moulded prod­ucts and vac­uum me­tallis­ing.

The busi­ness sup­plies prod­ucts many of which are sub­ject to in­tel­lec­tual prop­erty rights, owned in the group.

The en­hanced trad­ing results in 2016 were af­fected by the re­cent pre­vi­ous ac­qui­si­tion of two busi­nesses in 2015: FAAB Ba­tri­cauto and Dual Me­tallis­ing. Ti­flex IM was ac­quired in Oc­to­ber 2016 so

three months of its trad­ing was in­cluded in the lat­est ac­counts.

Dur­ing 2016 the group re­fi­nanced some short-term share­holder and in­ter-com­pany loans. In ad­di­tion the group re­paid £3.3m mez­za­nine debt and ar­ranged new loans of £8.3m. This al­lows the group to con­sider fur­ther busi­ness ac­qui­si­tions.

Each year the busi­ness has made mod­est dividend al­lo­ca­tions of £60,000.

Whilst the busi­ness has been grow­ing, the fi­nances have proved prof­itable and re­tained prof­its have been re­flected in a fur­ther sig­nif­i­cant in­crease in the value of share­hold­ers’ funds at the end of the fi­nan­cial year.

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