€3.77m property sale windfall for Whittakers

The Cork-based Whittaker family last year had a €3.77m windfall after selling a property firm to its motor group Johnson & Perrott.

The confirmation of the sale of property firm, Ballincurrig Properties Ltd by the Whittaker family is contained in new accounts disclosing that pre-tax profits last year at Johnson & Perrott Ltd rose 36% to €3.64m. Revenues soared 37.5% from €45.8m to €63m.

Yesterday, the group’s chief executive, Mark Whittaker confirmed that the group’s business continues to increase this year with revenues rising over 20%. The group operates the renting and development of a property portfolio through its Ballincurrig Properties Ltd offshoot which it acquired in January 2014. Mr Whittaker said that the property firm “made a substantial contribution to the profits of the group last year”.