The construction arm of the McAleer & Rushe Group will reveal increased turnover of £88.2m, in accounts soon to be filed for the year to 31 March 2011. The company, with offices in London, Belfast and Cookstown, will also report a four-fold increase in operating profits to over £3.2m and a 15% increase in staffing levels as a direct result.
The company, set-up in 1967, a specialist design and build contractor, has continued this growth since March 2011 and is on track to deliver turnover of more than £105m in its current financial year to March 2012 with comparable levels projected for the year to March 2013.
Recent highlights have included the handover of both the Maldron Hotel in Central Cardiff (May 2011), Jury’s Inn Gateshead (Aug 2011), the UK’s first ALOFT hotel, at the key Olympic venue, the Excel Exhibition Centre (Oct 2011) and the 400 bed Premier Inn, T5, Heathrow (Dec 2011) completed within 11 months of going-on site.
Key current projects include a £46m office/retail/residential contract in London’s West End and 3 further Premier Inns, including a flagship 630 bedroom hotel linked to Gatwick Airport’s North Terminal.
The company is a specialist in the hotel and office sectors having completed in excess of 12,000 bedrooms for 14 national operators over more than 40 projects and 1.5m sq. ft. office accommodation. The company looks forward to the continued expansion of its client base with several projects being actively negotiated at present for site starts in early 2012.
Group Finance Director, James Higgins commented:
“Despite challenging market conditions we are proud to demonstrate our improved trading performance and look forward to maintaining our current growth across a broad range of projects and clients without compromising our unique approach.”