Kilwaughter Holdings ‘positive about future growth’ after challenging year

Kilwaughter Holdings Limited - the parent company of Kilwaughter Minerals Limited - announced its consolidated group turnover of £38.5m for the 12 months April 30, 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 said in a statement it is “pleased to report a satisfactory performance in a challenging trading year impacted by coronavirus, Brexit and a decline in the housing construction market”.

The company added that it continues significant capital expenditure investment with a new business centre at its Larne headquarters, enhancing plant and machinery and a restructure of the R&D and business development functions.

Kilwaughter received recent recognition as an innovator from Innovate NI as it focus on enriching and developing its people, teams and product portfolio for each of its K Rend, K Systems and Kilwaughter Lime brand segments.

Even with the difficult operating conditions which many have experienced this year, Gary Wilmot, CEO of Kilwaughter Minerals, is optimistic about the future outlook.

Mr Wilmot commented: “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.”

In August, Kilwaughter confirmed it was planning 18 redundancies in response to the downturn as a result of the pandemic. Click here

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