'I am incredibly pleased with the financial performance': Newtownabbey-headquartered group reports healthy profits and no borrowings as it enters the new financial year
Newtownabbey-headquartered McLaughlin & Harvey Holdings Ltd delivers a strong financial performance for the year ended June 2025, supported by a robust cash position and solid balance sheet
Northern Ireland construction and civil engineering business McLaughlin & Harvey Holdings Limited has reported a turnover of £612million and a profit before tax of £18.2million for the year ended June 30, 2025.
Headquartered in Newtownabbey, the privately owned group operates across building and civil engineering contracting, property development and wholesale distribution. During the financial year the business employed 834 people directly, while supporting many thousands more jobs indirectly across the UK and Ireland through its extensive supply chain.
The Group’s construction and civil engineering operations generated £578m of overall turnover, underlining the strength of its core activities. McLaughlin & Harvey also reported a strong balance sheet, ending the year with cash at bank of £148m and no borrowings. Net assets at the year end stood at £67.35m.
The results reflect a solid financial performance and leave the Group well positioned as it enters the new trading year.
Philip Cheevers, Group chief executive, commented on the Group results: “I am incredibly pleased with the financial performance of the Group. Every employee should be very proud of the overall Group performance in quite turbulent economic conditions.
“The construction and civil engineering businesses benefit from a diversified portfolio of work in both the private and public sectors. We place a strong emphasis on frameworks and developing and maintaining client relationships in our primary target sectors.
“These include defence, healthcare, commercial office and life sciences, energy, advanced manufacturing, aviation, education, industrial, commercial, rail and ports and harbours. We are well positioned in each of these sectors going forward.
“I am also very pleased that each of the individual trading businesses which make up the Group, including Interactive (Ireland) Limited and Rocklyn Engineering Limited, have performed in line with expectations and contributed positively to an excellent overall financial performance.”
In addition to reporting positive financial figures, the construction and civil engineering business:
Retained its Platinum membership of The 5% Club, underscoring its commitment to investing in earn-and-learn schemes to develop the next generation of leaders.
Successfully delivered its annual health and wellbeing roadshow. Aimed at employees, supply chain partners and client workforces, the roadshow visited 19 project sites across the UK, providing occupational health appointments to 876 participants and health checks to 1,079 participants.
Engaged with 3,283 students across schools, colleges and universities.
Delivered 120 volunteering hours, supporting food poverty, homelessness, environmental initiatives, wellbeing and local community groups.
The Group enters the new trading year with a strong order book and a robust financial position, with net assets of £67.35m, a cash balance of £148m, and no borrowings.