Schools builder WBS pays out €3.3m dividend

The owners of the family-run building firm facing a High Court dispute with the Department of Education over alleged defects in schools buildings paid out a dividend of over £3m (€3.3m) last year, new accounts show.

The McCloskey family firm, Western Building Systems (WBS) show pre-tax profits increased 4% to £4.32m as revenues fell 8.5% to £34m in its last financial year, which covers the 12 months to the end of April.