Macrete Ireland Limited

Macrete Ireland Limited, based in Toombridge, Co. Antrim, UK, is a well-established concrete product manufacturer with a 45-year history. The company, currently active, employs 108 people and boasts significant assets of £12.3 million. With yearly revenue reaching £25.1 million, Macrete is a large company meeting two of three conditions for classification: turnover exceeding £36 million and balance sheet total exceeding £18 million. The company is a holding company, and Reginald Hogg Holdings Ltd owns it. Adam McCann is the director.

Macrete’s core business revolves around the design, manufacture, and delivery of concrete products. Their website highlights a range of offerings, including precast concrete solutions for civils, railways, water, stadia, marine, and agricultural sectors. They're known for working collaboratively with other companies, as demonstrated by their involvement in the Heathrow MSCP East project, where they supplied edge beams after a technical hitch with another supplier. The company’s resources include a state-of-the-art manufacturing plant, modern batching plants, and a concrete testing laboratory, along with ISO certifications for quality, environmental management, and occupational health and safety.

Financially, Macrete shows a mixed picture. Accrued income has increased significantly, jumping 210% to £950,000, while accrued liabilities have decreased by 16% to £470,000. Accumulated depreciation has also increased, particularly in plant and machinery. However, bank borrowings have plummeted, falling 100% to zero, and cash reserves have grown substantially, increasing 370% to £2.7 million. The company’s tax expense credit increased by 110% to £1 million. Despite these positive trends, administrative expenses rose by 13%, and net losses deepened. The company’s tax rate increased from 19 to 25.

These figures suggest Macrete is managing its short-term liabilities well, with improved cash flow and reduced debt. However, the increase in depreciation and administrative expenses, along with the deeper net losses, may indicate ongoing investment in infrastructure or increased operating costs. The absence of an auditor’s report is typical for a company of this size, relying on unaudited statements. Overall, Macrete Ireland Limited appears to be a resilient and well-managed concrete manufacturer, navigating the challenges of a competitive market.

Registered in Northern Ireland under the registration number NI013578, with a registered address at BT41 3SE, Co Antrim, 50 Creagh Road, Toombridge.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.