Kil­waugh­ter Hold­ings

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

Kil­waugh­ter Hold­ings, based in east Antrim, is a fam­ily-owned com­pany with a group of sub­sidiaries in North­ern Ire­land and the Repub­lic of Ire­land, for­merly known as Kil­waugh­ter Chem­i­cals.

The busi­ness is de­scribed as lime­stone quar­ry­ing and min­eral pro­cess­ing.

In ad­di­tion to its trad­ing busi­ness, the group holds as­sets in in­vest­ments and in in­vest­ment prop­erty.

In the most re­cent year the group sold some of its un­listed in­vest­ments for nearly £2m. In the pre­vi­ous year, in­vest­ment sales to­talled £8.2m.

The dis­posal of in­vest­ments and the re­ten­tion of post-tax prof­its helped to fi­nance the trans­fer of div­i­dends to the share­hold­ers cost­ing £20.3m two years ago and £2.1m more re­cently.

This group is con­tin­u­ing a long tra­di­tion of the quar­ry­ing of lime­stone along the east coast of Co Antrim.

Turnover has in­creased steadily in the last five years from £25m in 2013-14 to over £33.6m more re­cently. The in­creases have been as­so­ci­ated with fairly sta­ble lev­els of op­er­at­ing prof­its which fell in the most re­cent year by 15%.

Adding net in­ter­est earn­ings in ad­di­tion to op­er­at­ing prof­its has gen­er­ated a higher level of pre-tax prof­its which also dipped in the last year.

Em­ploy­ment num­bers, which av­er­aged 130 in 2015-16, have in­creased to 157 in 2017-18.

Cap­i­tal in­vest­ment in the as­sets of the group has con­tin­ued at sig­nif­i­cant lev­els av­er­ag­ing over £3m each of the last two years.

Kil­waugh­ter Min­er­als re­cently an­nounced the ac­qui­si­tion of Alumasc Fa­cades from the Alumasc Group plc.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.