Kilwaughter Holdings Limited the Parent company of Larne based, Kilwaughter Minerals Limited have managed to achieve a consolidated group turnover of £38.5m for the 12 months to 30 April 2020 (2019 – £40.4m), with pre-tax profits of £5.4m for the period (2019 – £8m).
Although both figures are down on the previous year the company are pleased to report a satisfactory performance in a challenging trading year impacted by Coronavirus, BREXIT and a decline in the housing construction market.
Gary Wilmot, CEO of Kilwaughter Minerals said: “We remain positive about the future growth of Kilwaughter in markets where the government has committed to short term funding commitments through the Building Safety Fund and Green Homes Grant.
“We anticipate longer term and consistent investment as we transition to a Carbon Neutral society and the demand for new housing stock and refurbished properties to deliver those standards. Kilwaughter intend to be at the forefront of these markets, leading the industry with highest quality, first class solutions and positive customer experiences.”
Commenting on the recent announcement, Graham Whitehurst, Chair of the Manufacturing Task Force commented: “Kilwaughter are a key employer in Mid and East Antrim and a vital partner in the Manufacturing Task Force. I am delighted to see their continued commitment to Larne through this investment in the state of the art Business Centre. As soon as the situation returns to normal I look forward to visiting as we continue to work with this dynamic, innovative company.”
Kilwaughter Minerals Limited continue to invest significantly in their Larne Headquarters with the recent opening of their new Business Centre, which aims to enhance their Research and Development and Business Development functions.
They also received recent recognition as an Innovator from Innovate NI as they focus on enriching and developing their people, teams and product portfolio for each of their K Rend, K Systems and Kilwaughter Lime brand segments.