Mcbur­ney Hold­ings

Belfast Telegraph - Business Telegraph - - News -

At the end of 2016 Mcbur­ney Re­frig­er­a­tion was re­struc­tured and re­named Mcbur­ney Hold­ings. The busi­ness is based in Bal­ly­mena.

Mcbur­ney Hold­ings is now the hold­ing com­pany for the trad­ing sub­sidiaries of Mcbur­ney Trans­port Group and Bon­de­liv­ery NI.

The con­sol­i­dated re­sults com­bine the re­sults from the pro­vi­sion of road haulage, ware­hous­ing and lo­gis­tics ser­vices.

Mcbur­ney Hold­ings is now ef­fec­tively an in­vest­ment hold­ing com­pany which con­sol­i­dates the trad­ing in­for­ma­tion of its sub­sidiaries.

The re­struc­tur­ing at the start of 2017 brought a bal­ance sheet gain to the new hold­ing com­pany in the trans­fer of the as­sets of the trad­ing sub­sidiaries and the trans­fer of over £6.2m in cash ac­quired on the ac­qui­si­tion of the sub­sidiary com­pa­nies.

The bal­ance sheet at the end of 2017 shows share­hold­ers’ eq­uity at over £39m, hav­ing risen from un­der £12m a year ear­lier.

Most of the in­crease in share­hold­ers’ funds is a re­flec­tion of an in­crease in the bal­ance sheet value of tan­gi­ble as­sets, as now trans­ferred.

The re­state­ment of the fi­nances af­ter the com­pany re­struc­tur­ing is re­flected in the value of busi­ness turnover which, in the orig­i­nal com­pany, was just un­der £30m each year but, sub­se­quently, is now nearly £93m dur­ing 2017.

The changes are also re­flected in im­proved profit fig­ures and the num­bers em­ployed by the new or­gan­i­sa­tion.

The com­bined op­er­a­tions in 2017 showed a gross profit mar­gin of 10.9% which was slightly lower than 12.3% for the re­frig­er­a­tion busi­ness in 2016.

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