Tracey Concrete Reports Significant Increase in Sales and Profits
Business Editor Gary McDonald
January 11, 2022 01:00
FERMANAGH maker Tracey Concrete, which has supplied major construction projects in the UK and Ireland for over 50 years, has reported a dramatic increase in sales and profits.
Figures just filed with Companies House show revenue in the year up to March 31st rose from £ 27.7million to £ 29.5million.
Her gross profit fell from £ 5.3million to £ 7.2million and, based on net profit, Tracey kept £ 4.4million, compared to £ 2.9million in 2020.
The company, which is one of the largest precast concrete manufacturers in the UK and Ireland, also increased its workforce during the year from 170 to 185, with its payroll in turn rising to £ 6.1million.
And at the end of her commercial year, Tracey has assets of just under £ 25million.
Tracey Concrete, led by Patsy Tracey (64), has enjoyed increasing notoriety in recent years, in part due to its strong association with Fermanagh GAA and its sponsorship.
The company, based at Old Rossorry Road in Enniskillen, is a market leader in concrete pipes, perfect bases, manhole rings, lifting pipes, head walls and cattle slats.
Tracey has been active on the acquisition trail for the past several years, including buying a quarry at Gardrum Road in Belcoo from Acheson and Glover.
In a statement accompanying the results, the director said he was “satisfied” with the business performance, but cautioned: “The economic environment in which the company operates continues to be difficult.
“However, the company’s current strategy is to continue to target profitable contracts, maintain sales and increase profit margins through cost containment.”