Bookmark and Share
04/01/2010

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.

(BMcC/GK)

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

27 July 2016
Circuit Of Ireland Rally Will Not Take Place Next Year
The Circuit of Ireland rally will not be taking place next year due to "funding uncertainty". Event Director, Bobby Willis, said the decision was the most difficult one he has ever had to make.
18 July 2016
Two-Year-Old Boy Killed In L'Derry Collision
A toddler has died after being struck by a car in Co L'Derry. Ronan McGavigan, aged two, was killed in a collision which occurred on the Lone Moor Road at around 1.15pm on Sunday, 17 July. The driver of a silver coloured Citroen Picasso, which was involved in the incident, has spoken to the police.
14 April 2011
Laura Marling Headlines Open House Festival
The organisers of the Open House Festival have announced that Laura Marling, Brits and NME award-winning English folk artist, is to headline the Custom House Square gig on Friday 24th June.
28 November 2008
Stormont Ministers Announce £250m 'Titanic' Building Projects
After several months of bleak prospects for the Northern Ireland construction sector, the Stormont Executive has stepped in to bolster further development in Belfast's Titanic Quarter.
25 May 2012
Projects Kick Off To Get Rural Youth Working
A Stormont minister has pledged to help young people in rural areas find work. Michelle O'Neill, Rural Development Minister, is backing the "unique" BOOST programme, which gives practical support to unemployed rural young people or those about to finish school.
09 November 2005
Success for Cedar Foundation User Forum
A capacity crowd attended the recent Cedar Foundation User Forum Conference at the impressive Lagan Valley Island Civic Centre, Lisburn. They were at the Centre to find out how much had been achieved during the last year by The Cedar Foundation and its User Forum.
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.
24 May 2016
Sinn Féin's Martin McGuinness To Visit Battle Of The Somme Site
Sinn Féin's Martin McGuinness has confirmed he will visit Battle of the Somme site next week. He also said he would take up the invitation from the Flemish government to visit the Flanders Field. Mr McGuinness said: "World War One is an important part of Ireland’s multi-layered history during which tens of thousands Irish people lost their lives.
29 June 2016
New President Of IFA Elected
The Irish Football Association (IFA) has elected a new President. Mr David Martin, who has been Deputy President, Vice President and Treasurer of the Association, was voted in at a council meeting which was held at the National Football Stadium at Windsor Park. He succeeds Jim Shaw who has held the post of President since November 2010.
25 August 2016
Home Of Late Musician Stephen Martin Burgled
PSNI Foyle have issued an appeal for information following a burglary at the home of late musician, Stephen Martin. Mr Martin, who performed under the name Rainy Boy Sleep, was found dead on a beach in Co Sligo on 13 August. He had been missing for a number of weeks prior to the discovery.
10 August 2016
Police Appeal For Missing Singer Stephen Martin
Police have launched an appeal to help trace a missing singer from Co L'Derry. Stephen Martin, aged 29, was last seen in the area around three weeks ago and the PSNI said they are becoming increasingly concerned for his welfare. He is described as being 6ft tall, of slim build, with brown coloured shaven hair and facial stubble.
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.
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.
08 August 2016
Other News In Brief
Man Convicted Of Benefit Fraud A man has been convicted for claiming benefits he was not entitled to at Londonderry Magistrates' Court. Alexander Duffy claimed Job Seeker's Allowance and Housing Benefit totalling £6,936 while failing to declare employment. He was given 240 hours Community Service.
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.