Coalisland construction company's profits rise to £4.32m
A Co Tyrone construction firm facing legal action over alleged structural defects in school buildings in the Republic has reported a rise in pre-tax profits to £4.32m.
Western Building Systems in Coalisland, which specialises in modular buildings in the UK and Ireland, said turnover had dropped over the 12 months to April 2018 from £37.22m to £34m.
But a statement from the company, whose managing director is Martin McCloskey, also said pre-tax profits had increased from £4.15m to £4.32m.
The business, which mainly focuses on the education, health and commercial sectors, said that employment had risen from 45 to 54.
Directors described the performance for the year as "satisfactory, set against a background of increased competition and reduced margins". The accounts have not yet been filed at Companies House.
The company added the outlook for the 2018/19 financial year is "encouraging" and expected to be in line with 2017/2018.
In October, the Republic's Department of Education said it would be taking legal action against Western over alleged structural defects in school buildings. The department said "precautionary measures" would be needed at 22 schools.
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However, the company's projects in Northern Ireland are not under scrutiny.
The NI Department of Education said most buildings supplied by Western in NI schools are "single-storey, modular classrooms rather than larger, multi-storey wings supplied via the so-called 'rapid build' construction system used in the Republic.