Business

Tyrone firm Geda Construction reports surge in turnover and profit

Tyrone firm Geda Construction oversaw the 600 repairs to the Mourne Wall
Ryan McAleer

CO TYRONE civil engineering and building firm Geda Construction has reported a 30 per cent surge in turnover.

The Clonoe based company has been involved in a series of high profile projects in the past year, including the massive restoration of the Mourne Wall in Co Down for NI Water.

The painstaking work on the north's longest listed monument was named project of the year at the Royal Institution of Chartered Surveyors awards in May.

Geda Construction is headed by former Tyrone manager and three-time GAA all-star Eugene McKenna. It employed around 105 people during 2018.

A new company report for Geda Construction limited liability partnership (LLP) reveal its turnover for the year ending December 31 2018 was £45.8m, some 29.5 per cent up on its 2017 figure of £35.4m.

It helped generate an 11 per cent rise in pre-tax profits to £7.3m for the year.

Some £41.2m of revenues is derived from UK-based work, with £4.6m generated from projects in the south of Ireland.

According to Geda's latest company report, the limited partnership is set to be merged with Geda Construction Company Ltd from January 2020.

Geda has an extensive portfolio of civil engineering projects for NI Water. Last year it was one of three firms awarded a share of a £35m framework contract by NI Water for works around Belfast.

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