NuGen Properties

McAleer & Rushe turnover hits £400m


Chief executive Eamonn Laverty & Seamus McAleer, founder & chairman

Latest accounts for McAleer & Rushe Contracts UK Ltd for the year ended 31st December 2021 show turnover of £400.5m and pre-tax profit of £15.0m.

Turnover was 38% ahead of 2020’s £290.1m and 18% ahead of 2019’s £340.4m.

Pre-tax profit was 72% ahead of 2020’s £8.7m and 9% ahead of 2019’s £13.7m.

The 38% turnover growth was exactly what the directors predicted this time last year, when that they said that despite Covid, they were feeling “very positive.” [See our previous report here.]

Finance director Eamon Higgins said that turnover for 2022 is projected at £425m “in line with the controlled growth strategy of the company”.

The company signed two large residential contracts in 2021 with key repeat clients Tayl;or Wimpey Central London and Legal & General. “These awards reflect increased funder focus on residential sector during 2021,” Mr Higgins said.

Dividends of £10m were paid out to the shareholders, chairman Seamus McAleer and chief executive Eamonn Laverty, up from £4m in 2020 and £8m in 2019.

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Easy to work with, Jordan and the team were professional and were easy to communicate with.
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NuGen Properties built an extension to the rear of my property, replacing the old conservatory. I am so pleased I chose this company. From the initial quotation, through the build and after they were professional, polite & well mannered. They kept the site tidy throughout the build and kept me informed of each stage as it happened. The work was finished to a good standard and I have had nothing but compliments on their work. I am already planning for them to come back and do some more work for me in a few months. I would 100% recommend them.

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