Saturday 17 August 2019

Clamper's profits surge to €1.75m

DSPS has operated the clamping contract since 2004. Each year DSPS tickets, clamps, relocates and stores in the region of 60,000 vehicles in the capital (stock photo)
DSPS has operated the clamping contract since 2004. Each year DSPS tickets, clamps, relocates and stores in the region of 60,000 vehicles in the capital (stock photo)

Gordon Deegan

The group which owns the clamping firm contracted to carry out clamping and parking enforcement in Dublin city recorded a 23pc increase in pre-tax profits to €1.75m in 2017.

Tazbell Services Group is the owner of Dublin Street Parking Services (DSPS) which operates the clamping contract for Dublin City Council.

DSPS has operated the clamping contract since 2004. Each year DSPS tickets, clamps, relocates and stores in the region of 60,000 vehicles in the capital.

In the year under review, 2017, a total of 55,977 vehicles were clamped in the city council area. This works out at just over 150 every day.

New accounts for Tazbell Services Group show that the overall business enjoyed the increase in profits in spite of revenues decreasing marginally from €17.99m to €17.8m in the 12 months to the end of December 2017.

Tazbell Services Group also owns Park Rite which is the largest commercial car park operator in the country with a diverse client base including retailers, financial institutions, real estate investment trusts, private investors, hospitals and local authorities.

Tazbell Services Group is the largest provider of outsourced parking enforcement services in the country.

In total the group manages around 50,000 on-street parking spaces for local authorities in Ireland and its client list includes Dublin City Council, Dun Laoghaire-Rathdown County Council and South Dublin County Council.

Numbers employed by the group decreased from 231 to 228 in 2017 with staff costs decreasing from €8.52m to €8.4m.

Indo Business

Also in Business