Brett Martin See Profits Drain Away

News Image

One of Northern Ireland's biggest building materials manufacturers has seen its pre-tax profits slump from £6.9m to £1.2m.

Even though Co Antrim-based Brett Martin, is a global company with four sites in the UK and one in the Netherlands, it was also hit by a small fall in business group turnover, down from £112.4m in 2007 to £111.6m in 2008.

Trading since 1958, Brett Martin is a privately-owned family business which manufactures plastic products for construction, roofing, print and display. It is involved in a number of projects relating to the 2012 Olympics.

However, employment in the group, which is headed by Managing Director Laurence Martin, increased slightly from 802 people to an average of 812 in 2008.

Capital spending at £4.7m was down from £6.2m a year earlier but it was at a higher level than in other recent years and was significantly higher than the depreciation allowance on existing assets.

Today's Belfast Telegraph report also sai that a dividend of £1.5m was paid to the shareholders - down from a payment of £2m a year earlier.

Brett Martin Ltd specialises in polycarbonate sheeting and rooflight manufacturing producing rooflights with GRP, PVC and Polycarbonate options, as well as semi-finished Foam PVC and flat sheet Polycarbonate and drainage and rainwater systems.

Brett Martin Building Products manufactures bespoke pipework and fittings for large-scale civil engineering operations, such as water treatment and wastewater plant applications.

The news is in spite of Brett Martin's evident expertise and its service delivery to the civil engineering sector with such work as that on the North Down network of Cloughy, Seahill and Ballywater as obvious examples of success.

The North Coast Waste Water Treatment Scheme, a project worth £15million saw Brett Martin's products used as part of the overall solution to address the issue of sewage into the sea faced by the resorts on the coast there.

The massive Belfast Sewer Project has also benefited from Brett Martin's technical background, onsite advice, fast production, delivery and unrivalled service.

The project has used Brett Martin sewer pipes and fittings, together with specially fabricated components, which are manufactured to meet specific project requirements arising from the challenges of on site variation.


Related Northern Ireland News Stories
Click here for the latest headlines.

14 September 2015
Police Renew Appeal One Year After Man's Death
Police have renewed their appeal on the first anniversary of the death of Sean Corrigan, 31, in west Belfast. Mr Corrigan was found at a flat in the St Mary's Gardens area on Saturday 13 September, 2014. He later died in hospital, however post mortem results found he may have died in suspicious circumstances.
30 July 2015
Other News In Brief
Call For Consumers To Support Sheep Farmers The Ulster Farmers Union beef and lamb chairman, Crosby Cleland, are urging consumers to show their support by buying Northern Ireland Farm Quality Assured lamb.
30 July 2015
Ulster Bank Records Operating Profit Of £131m
Ulster Bank has recorded an operating profit of £131 million for the first half of this year. The bank reported a £55 million profit in the same period last year. The firm also said that new lending to business increased by 57%.
24 August 2015
Around 20,000 LED Street Lights To Be Installed Across NI
Approximately 20,000 LED street lights are to be installed across Northern Ireland over the next eight months. The major pilot scheme, in Banbrdige and Craigavon, was announced by Regional Development Minister, Danny Kennedy.
27 August 2015
PSNI Issue Safety Warning As New School Year Begins
The PSNI has issued a warning for parents and road users to plan ahead for heavier traffic as the new school year begins. Assistant Chief Constable Alan Todd said: "As the new academic term begins, it is essential that all road users remain focused on their driving, plan their journey and leave plenty of time as there will be delays.
25 August 2015
25 Year Bicycle Strategy For NI Published
A 25 year Bicycle Strategy for Northern Ireland has been published. The strategy has been developed to help transform NI into a cycling society. Transport Minister Danny Kennedy said: "Over 100 consultation responses were received from organisations and individuals and I would like to take this opportunity to thank them for their valuable comments.
10 August 2015
61-Year-Old Needs 30 Stitches Following Attack On Bus
A 61-year-old woman required 30 stitches to her face after being hit by a brick when a bus she was travelling in was attacked in Dungiven. The woman lost five teeth in the attack, which also injured four others, when the coach was attacked on Saturday.
03 July 2015
Belfast Harbour To Invest £120m In Infrastructure Projects
Belfast Harbour is to invest £120m in new infrastructure projects over the next three years. Figures recorded in the Harbour's 2014 annual report revealed that turnover increased by 4% to £52.6m, while Profits before Tax climbed 8% to a record £29.4m. The Harbour also paid £10m in tax during the year.
12 October 2011
NI Builder Showcases Wind Turbine
A manufacturer of construction materials is showcasing their new £2m wind turbine, which is the largest single wind turbine on an industrial site in Northern Ireland. A new video detailing the delivery and installation of Brett Martin's, 100 metre high wind turbine is now available to view at the company's website.
09 July 2015
PSNI To Launch Investigation Over NAMA Deal
The PSNI are to launch a criminal investigation into the circumstances surrounding the sale of NAMA property to investment company Cerberus. Assistant Chief Constable Will Kerr said: "We believe that there is sufficient concern in relation to potential criminal activity, surrounding this property deal, to instigate an investigation.
01 July 2015
Call For More Police Resources In West Belfast
The UUP is calling for more police resources in west Belfast following a recent spate of attacks. Spokesperson Garet Martin condemned the attacks and said it is only a matter of time before more serious damage or injury is caused.
13 February 2009
'Greedy' Couple Who Forged Mum's Name Jailed
A married couple have been sentenced to six months in gaol in a case described as "motivated by greed" by the presiding judge.
06 August 2001
Police stage reconstruction of Brett murder
In a bid to help with ongoing murder inquiries police staged a reconstruction of the shooting of teenager Gavin Brett on Sunday.
12 June 2014
Martin McGuinness Will Meet Queen
Martin McGuinness has confirmed that he will meet the Queen during her visit with the Duke of Edinburgh to Northern Ireland later this month. The visit has been planned for 23 - 25 June.
26 January 2011
Michael Martin Voted Fianna Fail Leader
As expected, the former Irish Minister for Foreign Affairs Micheál Martin has been elected as the new leader of Fianna Fáil. Mr Martin, (pictured left) whose bid for leadership against Brian Cowen (on right) was defeated only last week, today won a secret ballot of the parliamentary party to become the eighth leader of the party.