Revenues take a dip but profits rise 37% at leading engineering consultancy

Pre-tax profits at one of the country’s best known engineering consultancy firms last year increased in spite of a drop in revenues.

New accounts filed by JB Barry & Partners Holdings Ltd show that pre-tax profits at the firm last year increased by 37% to €124,384 as revenues dipped from €6.59m to €6.48m. Numbers employed by the firm remained static at 67 and the profit last year takes account of exceptional costs of €130,842.

According to the directors’ report, “at the date of this report, there exists a firm order book. The directors anticipate that the group will continue to be profitable with revenue and the related cost base expected to remain at current levels for the short term”.

The states that “in November 2013, the group moved to modern new offices at Classon House, Dundrum Business Park. The fit-out and other associated costs involved with the move amounted to €441,514, including capital expenditure of €310,672”.

The firm operates from offices at Dublin, Cork, and Castlebar and works across a range of engineering sectors — civil/environmental, structural, transportation, traffic and road safety, flood analysis, and international projects.

The firm has worked on the five-star Doonbeg Hotel and Golf Club, the five-star Park Hotel in Kenmare, and Arnotts. The accounts state that the group’s operating profit last year increased by 166%, from €105,125 to €280,317.

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