{"id":868887,"date":"2025-08-29T21:13:16","date_gmt":"2025-08-30T02:13:16","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/29\/heron-bros-profit-rises-with-controlled-expansion-on-the-way\/"},"modified":"2025-08-29T21:13:16","modified_gmt":"2025-08-30T02:13:16","slug":"heron-bros-profit-rises-with-controlled-expansion-on-the-way","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/08\/29\/heron-bros-profit-rises-with-controlled-expansion-on-the-way\/","title":{"rendered":"Heron Bros profit rises with \u2018controlled\u2019 expansion on the way"},"content":{"rendered":"
\n

Family-owned contractor Heron Bros is touting further expansion after it grew its profit and turnover in the past year.<\/p>\n

The Londonderry-based contractor scored a pre-tax profit of \u00a311.7m in the year to 31 August 2024, slightly up on the prior year\u2019s \u00a311.6m.<\/p>\n

Heron Bros\u2019 turnover also rose steadily to \u00a3160.4m, up from \u00a3154.6m.<\/p>\n

Executive chairman Damian Heron said the firm\u2019s board of directors had \u201ceffectively\u201d managed business risks over the course of the year.<\/p>\n

The board was now \u201csatisfied\u201d that it was \u201cstrategically positioned to continue to expand in a controlled manner over the next 12 months\u201d, he added.<\/p>\n

It is the second year in a row that Heron Bros grew its turnover and profit<\/a> \u2013 though its revenue rose faster in 2023 with a 35 per cent increase.<\/p>\n

Cash at the contractor \u2013 which operates across sectors including education, leisure, retail and industrial \u2013 was slightly down to \u00a329.2m from \u00a330m.<\/p>\n

\u201c[Heron Bros is] expanding the existing construction and renewables sectors within which we operate and strengthening alliances with long-standing customers,\u201d the firm said.<\/p>\n

The contractor is also working with the group\u2019s property division to pursue opportunities in \u201cniche markets, residential developments, strategic joint ventures, and developments\u201d, Heron said.<\/p>\n

Heron Bros operates with a development model of identifying sites for design-and-build contracts, and then selling or leasing completed developments to the private and public sectors, he added.<\/p>\n

On top of that, Heron Bros is investing \u201csignificantly\u201d in its digital transformation programme, as part of its Vision 2030 strategy. The firm said that will \u201censure IT systems continuity and resilience, greater collaboration, quality control, process efficiency, improved communication capabilities, efficient data capture, real time data analytics and use of artificial intelligence\u201d.<\/p>\n

Heron hinted that his firm will also focus more on the UK market due to \u201ccontinued uncertainty at a local and national level and to avoid spending troughs\u201d. Currently, Heron Bros operates across Ireland and Europe too.<\/p>\n

Despite the uncertainty, he said he was \u201cencouraged\u201d by his firm\u2019s strong balance sheet and order book.<\/p>\n

Heron Bros did not pay out dividends over the course of the year.<\/p>\n

Headcount decreased from a monthly average of 317 staff to 237, meaning that the firm\u2019s annual wage bill fell from \u00a313.4m to \u00a312.2m.<\/em><\/p>\n

Its latest jobs include a \u00a324m project it scooped in June to build Neilston Learning Campus, which will combine two primary schools and a family centre in a single site in East Renfrewshire, Scotland.<\/p>\n<\/div>\n

Read More<\/a>
\n Joshua Stein<\/p>\n","protected":false},"excerpt":{"rendered":"

Family-owned contractor Heron Bros is touting further expansion after it grew its profit and turnover in the past year. The Londonderry-based contractor scored a pre-tax profit of \u00a311.7m in the year to 31 August 2024, slightly up on the prior year\u2019s \u00a311.6m. Heron Bros\u2019 turnover also rose steadily to \u00a3160.4m, up from \u00a3154.6m. Executive chairman<\/p>\n","protected":false},"author":1,"featured_media":868888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[101871,23002],"tags":[],"class_list":{"0":"post-868887","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-heron","8":"category-profit"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/868887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=868887"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/868887\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/868888"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=868887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=868887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=868887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}