Compnay back in black despite losses at waste management business

McLaughlin & Harvey returned to the black last year, the firm鈥檚 latest accounts have revealed.

The Northern Irish firm sank to an 拢8.6m loss in 2023 but the firm posted a 拢12m profit in the 12 months to June 2024.

In accounts now filed at Companies House, M&H said the figure was achieved despite its waste management business, Barr Environmental, racking up a 拢2.1m pre-tax loss while closing its landfill business cost 拢1.6m in impairment charges as well as 鈥渟ubstantial one-off costs鈥�.

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M&H said its cash balance at the year-end was up to 拢147m

Turnover at the group was up 18% to 拢870m. The firm, which has just over 870 staff, said its net cash at the year-end was 拢147m, up from 拢114m.

Construction is the firm鈥檚 biggest business with revenue of 拢825m with its environment business adding a further 拢8.8m of turnover while a distribution business had sales of 拢36.5m.

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