Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Profits slump at J Breheny

Civils and utilities contractor J Breheny has seen profits and revenues fall off, according to its latest accounts filed at Companies House.

Pre-tax profits at the Ipswich-based firm slumped by just over 7 per cent to £2.6 million in the year to March 2007 while turnover dropped 11 per cent to end up at £81.7 million.

Chairman John Breheny said: “It has never been our objective to increase turnover for its own sake.
“We expect turnover in 2008 to be at a similar level to this year. However this is not a fixed target and we will continue to grasp opportunities as they become available whilst maintaining our policy to bid for work at a level which we believe to be profitable.”

The number of employees at the firm dipped by 10 to 464 although its overall wage bill went up by more than £500,000 to £14.8 million. The average wage was 6 per cent more than last time, standing at £31,800.

And despite the falling headline figures, the take home pay of the highest paid director shot up by 45 per cent to just under £350,000.