Belfast Telegraph

Co Antrim firm creates 20 new jobs after landing £76m in contracts

By John Mulgrew

A Co Antrim joinery firm has added 20 people to its workforce and plans to expand further after landing contracts worth £76m.

Edgewater Contracts and Specialist Joinery, based in Toome, also received £300,000 from the Growth Loan Fund towards its expansion.

The company works in joinery and fit-outs across a range of areas, including the hotel, residential, retail and hospitality sectors.

The business, which was set up in 2012, directly employs 45 people and has a workforce of more than 100 sub-contractors.

And in the last two years it has landed a series of high-profile contracts, including the Burlington Hotel in Dublin, which was one of the largest hotel fit-outs in Ireland.

The firm said it had also formed a "strong strategic partnership" with the Co Tyrone construction giant McAleer and Rushe.

Company director Cathy Murtagh said the business would also "look to expand" its workforce even further.

"Although the majority of our work is based in the UK mainland, we anticipate a number of projects starting in Northern Ireland next year," she added.

Some of its other major projects have included the Maldron Hotel at Dublin Airport and a fit-out of the Brown Thomas department store in Dublin.

It is also working at the Carlton Hotel in Edinburgh and other high-end apartments across central London.

The company's managing director, Seamus Murray, said: "We currently have work with a number of clients, including Redrow, the Ameris Hospitality Group and Dalata Hotel Group, covering the width and breadth of the UK and Ireland. Our geographic presence and growing reputation are leading to increased enquiries and tendering opportunities with prospective new clients.

"This is an exciting time for our business, which is a credit to the hard work and commitment shown from our workforce and to the continued support from our strategic partners."

The company posted turnover of almost £14m in its latest set of accounts.

Edgewater Contracts also recorded pre-tax profits of more than £200,000 for the year to October 2014.

That was well up from £128,000 the previous year.

Andrew Gowdy, senior portfolio manager at Whiterock Capital Partners, which operates the Growth Loan Fund, congratulated Edgewater and said that the company had "experienced a tremendous level of growth since receiving the loan back in 2013".

And Edgewater's Allan Campbell said the loan "gave us a good platform to help pull together a robust and ambitious growth plan from the outset".

Belfast Telegraph