Sunday 25 February 2018

Consultancy firm goes into the red

M50 (Stock photo)
M50 (Stock photo)

Gordon Deegan

Expansion costs at the award-winning consultancy firm WS Atkins Ireland resulted in the business going into the red to record pre-tax losses of €105,952 last year.

Accounts filed by the engineering consultancy firm show that the firm increased its workforce by 18pc to cater for anticipated increased demand for its services.

Gross profit increased by 4pc, from €2.34m to €2.44m, in the 12 months to the end of March 31 last year.

The pre-tax loss in 2015 followed a modest pre-tax profit of €542 in 2014.

The firm won the award for Engineering Practice of the Year 2015 in Ireland.

The firm has offices in Cork, Dublin and Galway and recently-filed accounts show that the firm recorded pre-tax losses of €105,679 after paying out €158,679 in interest charges.

WS Atkins did record an operating profit of €52,727 that was wiped out by the interest charges.

During the year, the firm increased its employee numbers from 66 to 78. Staff costs rose from €4.482m to €5.2m.

Some of the firm's projects include providing services to the upgrade of the M50 PPP, the UCD Sports Campus, the IBM Campus and delivering a new flight simulator project at Ryanair's Dublin HQ.

Irish Independent

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