McAleer & Rushe’s revenue breaks £400m barrier

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Northern Ireland contractor McAleer & Rushe has seen gross interruption the £400m obstruction successful its latest results. 

The yearly accounts for the Cookstown-based McAleer & Rushe Contracts Ltd showed that gross deed £400.5m for the twelvemonth to the extremity of December 2021, up from £290m successful 2020.

Operating nett stood astatine £14.9m, up from £8.4m successful the erstwhile year, with nett earlier taxation lasting astatine £15m, astir treble the £8.6m successful 2020.

The latest results mean that turnover astatine the contractor is present supra pre-pandemic levels, which stood astatine £340.4m.

McAleer & Rushe's show is acknowledgment successful portion to a drawstring of large task wins, including £600m of enactment successful November 2021 alone. In January, it bagged a £42m pupil lodging scheme successful Norwich (pictured). 

The steadfast predicts that turnover volition turn to astir £425m successful 2022. In its strategical study the contractor stated: “The bulk of projects that incurred Covid-related programme impacts were completed successful the twelvemonth oregon successful the aboriginal months of 2022. This included the palmy handover of 3 pupil schemes successful August and September 2021.

“The institution signed 2 ample residential contracts successful 2021, with cardinal repetition clients Taylor Wimpey Central London and Legal & General. These awards bespeak accrued funder absorption connected the residential assemblage during 2021.”