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Harvey Group turnover tops £20m

  • WF-Brian

Insider Media has published an article on the continued success of Harvey Group.

Turnover has almost doubled at a mechanical and electrical services company which has worked on the likes of Belfast City Hospital, The Titanic Quarter and Queen's University to more than £20m.

Newtownabbey-based Harvey Group reported turnover of £20.4m for the year to 31 August 2014 compared to £12.2m for the same period the year before.

Pre-tax profit also jumped from £141,667 to £464,273.

The company, which employed a workforce of 66 at the year-end, attributed its large turnover increase to negotiating a number of deals at the end of the previous year which were then carried out during 2014.

Writing in the financial report, financial controller Gareth Booth said forecasts for the current year show a further increase in turnover "in excess of £30m" as a result of continued market growth.

"The markets within which the company operates continue to be challenging ones, and in particular, future plans may at times be subject to factors outside the company's control," he said.

"Notwithstanding this, the directors' expectations are that the company's financial performance will continue to be satisfactory for the foreseeable future upon review of current forecasts."

Harvey Group's portfolio includes work on a number of prominent Northern Ireland properties including Belfast Metropolitan, Lisburn Bus Station and Ards Shopping Centre on which it carries out mechanical and engineering services.

In October last year the company was awarded the contract for the mechanical and electrical services at the new £30m conference facility at Belfast Waterfront Hall.

Brian Harvey, managing director of Harvey Group, said: "Having played a major role in the original Waterfront Hall complex back in 1996, we are delighted to have been chosen to provide the mechanical and electrical services for the new conference facilities.

"The Belfast Waterfront Hall is an iconic project, instantly recognisable as a landmark of our city. We are proud to be given this further opportunity to work on this beautiful building."