Bookmark and Share
04/01/2010

Brett Martin See Profits Drain Away

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.
News Image
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.

(BMcC/GK)

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

26 September 2017
Other News In Brief
Two Men Convicted Of Benefit Fraud Two men have been convicted for claiming benefits they were not entitled to at Belfast Magistrates' Court. Alexander Hamilton claimed Jobseeker's Allowance and Rates totalling £6,397 while failing to declare an occupational pension. He was given a two year conditional discharge.
27 September 2017
Teenager Threatened With 'Large Knife' In North Belfast
Police have launched an investigation after a teenager was threatened with a knife in north Belfast. The 15-year-old was cycling in the Brown Street area with his pals at around 10pm on Monday, 25 September. He was approached by a man on a bicycle who was armed with a knife. He demanded the teen to hand over his bike and made off.
11 October 2017
No Prosecution For Suspects Named By Supergrass Gary Haggarty
Thirteen people implicated by loyalist supergrass Gary Haggarty will not be prosecuted, the Public Prosecutions Service (PPS) has confirmed. Director of the PPS Barry McGrory said there was insufficient corroborating evidence to support the allegations.
25 September 2017
Carl Frampton Signs Contract With Frank Warren And BT Sport
Belfast boxer Carl Frampton has signed a contract with promoter Frank Warren and BT Sport. He will pursue a world title fight in the first half of next year and his fights will only be broadcast on BT Sport in the UK.
18 October 2017
Man Charged Over Fatal Collision In Co Fermanagh
A man has been charged with manslaughter after a fatal collision in Co Fermanagh on 07 October. Natasha Carruthers, 23, died in a road crash between Lisnaskea and Derrylin.
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.
04 January 2010
Co Antrim Wind Turbine Stalled
The NI Planning Service has still made no decision on an application by a Co Antrim manufacturer to construct a massive wind turbine at its Roughfort Road headquarters. People living near Mallusk plastics company Brett Martin have objected to the firm's plan, raising concerns about the sheer scale of the proposal.
11 March 2015
Call For Support System For Abuse Victims 'During The Conflict'
Sinn Féin has called for all-Ireland support mechanisms for the victims of sexual abuse "during the conflict". Party leader Gerry Adams criticised the Taoiseach Enda Kenny for his "failure to respond" to letters sent by Northern Ireland's Deputy First Minister, Martin McGuinness, urging the establishment of an all-island support system.
19 November 2014
£1m Funding Announced For Children's Hospice
£1m funding has been announced for the Northern Ireland Children’s Hospice. First Minister Peter Robinson and deputy First Minister Martin McGuinness, together with Health Minister Jim Wells, announced the funding today.
11 June 2014
Game Of Thrones Exhibition Opens
A new Game Of Thrones exhibition has opened at Belfast's Waterfront Hall today and will run until 15 June. The exhibition will feature numerous props and settings from the HBO fantasy show, which is filmed in Northern Ireland.
02 May 2014
Police Seek Extra Time To Question Adams
Police in Northern Ireland are seeking more time to question Sinn Féin president Gerry Adams The Deputy First Minister Martin McGuinness confirmed the move. On Friday morning, it was reported that Mr Adams had spent a second night in custody as detectives continued to question him over the abduction and murder of Jean McConville in 1972.
20 February 2014
Robinson, McGuinness Host Japanese Business Reception
First Minister Peter Robinson and deputy First Minister Martin McGuinness have hosted a business reception in London for Japanese investors. The reception was held to build on the relationship between the two countries spurred by an OFMDFM visit to Japan in December last year.
14 October 2013
Claudy Investigation Suspended
An investigation into the Claudy bombing has been suspended by the PSNI, until new information or evidence is received. The PSNI held a meeting with victims and relatives on Friday, which was also attended by the Ulster Unionist Party's Tom Elliot. Officers told the meeting the investigation would be suspended.
09 August 2013
Castlederg Nationalist Protest Cancelled
A planned protest by nationalist residents in Castlederg during tomorrow’s Apprentice Boys parade has been called off. The decision follows meetings in Castlederg yesterday evening involving republicans and deputy First Minister Martin McGuinness.
15 February 2011
Fianna Fail Using 'Smear Tactics' – Adams
Sinn Fein President Gerry Adams has accused the Irish Republic's Fianna Fáil of engaging in a smear campaign against him. Responding to comments made by the former Irish governing party, Mr Adams said that instead of offering the "public solutions to the serious problems", they were engaged in a smear campaign against Sinn Fein.