Coppers' clothes make Monaghan firm a mint
Published 06/04/2015 | 02:30
A contract to supply gardaí and prison officers with their distinctive uniforms helped push gross profit at a Monaghan firm to nearly €4m.
Figures recently lodged by James Boylan Safety (JBS) Ltd show the firm's pre-tax profits jumped by €124,433 and its gross profit increased from €3.42m to €3.81m in its 2013.
Established in 1944 as a shoe manufacturer, the JBS Group is one of Ireland's biggest suppliers of uniforms and safety clothing.
It supplies both the public and private sector.
It operates from bases in Cork, Belfast, Derry, Dublin and its headquarters in Monaghan. It employs around 60 people.
The company first won a contract to supply garda uniforms in 2008, in a three-year deal worth €12.6m.
The contract included uniforms for the Garda Reserve, students at the Garda Training College and gardaí on UN duties - ranging from standard uniforms to security gear, wet-wear, high-visibility clothing and ceremonial dress-wear.
Accumulated profits at the company topped €5.8m at the end of December 2013.
Spending information obtained from the Irish Prison Service indicate JBS's 2014 take should be even higher.
Figures provided by the prison service show it paid €649,662 to JBS Group last year for prison staff uniforms, compared to the €595,282 JBS recorded for the supply of prison uniforms in 2013.
Other figures provided by the gardaí show that in one quarter alone last year, JBS received €419,767 from the supply of 'operational equipment'.
Directors' pay at the firm doubled from €78,852 to €159,994. During 2013, it made charitable donations totalling €51,531.