Staff costs hit David Hall firm profit
The impact of staff settlement costs to the State's largest private ambulance service is expected to hit profits at the business this year. The service is owned by mortgage campaigner David Hall.
A note in new accounts filed by Mr Hall's Life Line Ambulance Service Ltd confirms that there were costs to the company following staff settlement costs agreed in the Workplace Relations Commission in November 2016.
No further details are provided in the note on the costs to the company or what the case(s) involved. Mr Hall was unavailable for comment yesterday as he is on annual leave.
However, the firm has enjoyed an upswing in its business with the HSE since January of this year under its framework agreement with the executive.
This followed the firm engaging in an alternative dispute-resolution process with the HSE over the framework agreement, having earlier issued legal proceedings against the HSE in respect of the agreement.
The increase in HSE business followed the firm more than doubling its profits to €212,846 in the 12 months to the end of June last. The firm recorded the profit of €212,846 and this followed the firm recording a profit of €101,312 in 2015.
This followed the firm recording a loss of €436,000 in 2014. Last year, accumulated profits increased from €106,791 to €319,637. The firm's cash pile during the period increased from €493,658 to €554,896.
Remuneration last year to Mr Hall and his wife, Susan Wiseman Hall, increased from €209,966 to €247,465.
The firm enjoyed the profit increase partly as a result of Mr Hall receiving €12,000 in rent from the firm compared to €116,379 in rent in 2015.