Bookmark and Share

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.

27 September 2016
Police Were Justified Using CS Spray Against Juveniles
Police were justified in using CS spray against juveniles during incidents in Ballymena, at a Co Down children's home and in L'Derry between May last year and February 2016, according to the Police Ombudsman.
03 October 2016
Accidental House Fires Killed Four People In NI This Year - Figures
Four people have died in accidental house fires, according to figures from the Northern Ireland Fire and Rescue Services (NIFRS). The figures are a 43% reduction compared to last year, however the NIFRS said it is still four too many.
22 September 2016
Sickness Within NI Civil Service Continues To Increase
Sickness levels within the Northern Ireland Civil Service have increased in the last year. Civil servants took an average of 11.7 days each off during the 12 months up to April compared to 10.8 days the previous year, according to a report by the Northern Ireland Statistics and Research Agency (NISRA). The figure is above the annual target of 8.
29 April 2009
NI Job Creation Agency Reveals Successes
Although the official job creation agency, Invest NI promoted almost 6,500 new jobs in the last financial year, its client companies also announced almost 3,500 redundancies over the same period. In publishing its annual figures this week, the 'strong results' produced were lauded, but had to be tempered with a warning of challenging times ahead.
18 October 2016
Only £21.5m Of £40m Allocated Used To Tackle Waiting Lists In NI
Only £21.5million of £40m allocated to tackle waiting lists in Northern Ireland was spent on the problem, according to the Ulster Unionist Party (UUP).
25 October 2016
10-Year Vision To Transform Health And Social Care System Launched
A new 10-year vision to transform the health and social care system in Northern Ireland has been launched by the Health Minister.
25 October 2016
37% Drop In Number Of Burglaries In NI
The number of burglaries in Northern Ireland has dropped by 37 per cent from 281 last year to 177 this year. Police launched Operation Cordella across NI and the number of domestic burglaries affecting people over 60 years of age decreased by 13.9 per cent from 65 last year to 56 this year.
11 October 2016
Investigation Launched Following Major Fish Kill In Co Down
An investigation has been launched following a major fish kill at Carrig River in Newcastle, Co Down. The Northern Ireland Environment Agency (NIEA) is currently on site investigating the pollution incident after it was reported on Saturday, 08 October.
05 October 2016
Scrambler In Collision With Nine-Year-Old Boy Had No Brakes
A scrambler involved in a crash with a nine-year-old boy had no brakes, police have confirmed. The crash happened in the Mossley Pavilion area in Newtownabbey on Monday, 03 October. The boy is in a stable condition in hospital.
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.