Future bright for electrical company as turnover rises to £10m
A Co Down electrical firm which has worked on everything from public art to football stadia has said it is looking forward with optimism after turnover rose 33% to around £10m.
Warrenpoint company Braham Electrical said its hopes for the year ahead were "generally positive" after pre-tax profits growth of 15% to £146,348 in the year to the end of April 2015.
Work carried out by the contractor spans floodlighting at football grounds for the Irish FA, from Coleraine to Glentoran, as well as GAA grounds, and lighting work on the landmark Belfast sculpture, Rise.
Braham has also been engaged in high-tech projects such as the construction of a data centre at Ulster University in Coleraine.
A spokesman for the firm said: "Prices are still very competitive in the construction sector, but there are contracts there to price and to win, and we continue to do so."
The company, which is registered as Paul Braham & Sons, was founded in 1972 and moved to new premises in Warrenpoint in 2004.
It has a full-time workforce of 55 and also engages around 45 sub-contractors.
It is currently working on projects including a new production facility for RLC Engineering at Global Point Business Park, Newtownabbey, and a new social security office in Strabane, Co Tyrone.
It also has a long track record in the education sector and recently carried out work on two primary schools, St Joseph's and St Clare's, in Newry.
In Belfast, it has completed work on the City Quays One office development at Belfast Harbour.
And it is also currently fitting out the offices at City Quays for one of the world's biggest law firms, Baker & McKenzie, for its services centre in Belfast, as well as carrying out work for technology company Cayan.
The company also has a significant road lighting department, and has worked on schemes in towns around Northern Ireland, as well as at a crossing in Sunderland.
Braham has also completed large-scale harbour lighting projects at Invergordon and Ardrossan in Scotland, and Howth in Dublin.
In a strategic report which accompanied the results, Braham's directors - who include the founder's son, Thomas - said that they considered the performance to be "satisfactory", but they added that the firm was working in a "very competitive" market place.
The business's strategic report also revealed that the firm meets its day-to-day capital requirements from a £400,000 overdraft with First Trust.
And staff costs at the company, including directors' salaries, reached £4m - nearly double the costs of a year earlier.
The holding company is Braham Group Ltd, and its ultimate parent company is Charlotte Street Holdings Limited, which has a 75% shareholding in Braham Group Limited.
Director Thomas Braham owns the remaining 25%.