Belfast Telegraph

Premier Electrics lands £30m of deals across the globe

By John Mulgrew

A Co Londonderry electrical firm has secured a pipeline of contracts worth £30m.

And Bellaghy-based Premier Electrics has also posted pre-tax profits of £2.5m.

The company, which employs 150 staff, counts a number of big firms as clients, including Primark, John Lewis and M&S.

It says it has grown turnover to £50m despite a "significant exceptional loss arising from a decision to close out a number of foreign exchange contracts".

Tony Shivers, managing director, said: "We have now become a truly European business, delivering more than 1,000 projects in the last 22 years across countries including UK, Ireland, France, Germany, Spain, Portugal, Romania, the Netherlands, Austria and Belgium."

Premier Electrics has also benefited from a surge in both London and Dublin.

"Our experience has been that major retailers are continuing to press on with refurbishment and new build plans despite the general uncertainty around the implications of Brexit," added Mr Shivers.

"We have recently completed several major projects including one at Buttermarket Shopping Centre Ipswich and more than 10 stores for H&M. In recent weeks we have secured a number of large electrical fit-outs including a department store for Fenwick in Bracknell and a number of other significant retail projects in Northern Ireland, Great Britain and Europe.

"Whilst the broad construction environment has been challenging in the past few years, and 2016 has brought for us its own specific issues with foreign exchange volatility, our strong order book and excellent team give me confidence for 2017 and beyond."

Mr Shivers also revealed the company was starting a new apprenticeship programme, working with Ulster University to provide a number of marketing and commercial placements.

Belfast Telegraph