Wednesday 13 December 2017

Murtagh has Minecraft idea for builders

Those Kingspan Murtaghs take some stopping.

Architect Damien, son of Kingspan chairman and founder Eugene, has had his knocks. He filed for bankruptcy in Kingston Upon Thames county court in September 2013 as the property sector crashed. His 'wow' house in Portrane is for sale. But he's picked himself back up and has invented a very clever new product that could transform architecture.

Murtagh's Arckit is like the hit video game Minecraft - except it's for those in the construction sector. It allows architects to build up models of houses or buildings far more efficiently - and enjoyably - than the traditional balsa wood scale models. "It is both exciting and challenging building a concept and then a business like this from the ground up. Arckit is a very small but growing company," he told me last week.

Shares in the parent company MBM Building Systems are all held by Murtagh senior, who is sitting on a near €500m pot, largely generated from his stake in Kingspan. Tax expert Eugene McQuillan is also a director.

Arckit has "exploded in popularity", Murtagh said after winning a prestigious Red Dot design award earlier this month.

The Murtagh family fortune may increase soon.

Sunday Indo Business

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