Belfast Telegraph

57. Heron Brothers

  • Chief executive: Damian Heron
  • Pre-tax profit: £8.6m
  • Employment: 248
  • Pay bill: £10m

Pre-tax profits at Londonderry construction firm Heron Bros dropped by a third to £8.6m in the 12 months to February 2018.

After reporting one of the most successful years in its 60-year history last December, turnover at the Draperstown-based company dropped 21% to £74.6m in its latest financial year.

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While the 2017 figures were inflated by the sale of a subsidiary company, Heron Bros’ latest accounts show it did benefit from a significant interest payment from its investment in renewable energy business, Simple Power Ltd.

Heron Bros has since sold the wind firm, which had 52 turbines in its portfolio, to London-based investment fund Foresight in a deal announced in October last year.

Heron Brothers

2 St Patrick Street

Magherafelt

BT45 7AL

Tel: 028 7962 8505

www.heronbros.com

 

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