Northern Ireland

Construction firm Trench Holdings reports £2.8m profits

Northern Ireland-owned construction firm Trench Holdings has reported pre-tax profits of £2.8m.

That was an improvement on the profit of £1.5m the company posted in 2012.

Trench Holdings is controlled by Ken Cheevers, who also owns the building firm McLaughlin and Harvey.

Trench consists of a number of Scottish-based businesses with interests in the construction, building products and waste management sectors.

One of its main firms, Barr Construction, built the basketball arena for the London Olympics.

For the year ended December 31, 2013, the company had a turnover of £174.2m, up from £164.3m a year earlier.

It said sales were up at both its construction and quarries and surfacing businesses.

"The current marketplace remains challenging in the sectors where the group trades, however, the group continues to develop its businesses and maintain its capital investment programme," a statement said.

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