Electrical company posts record turnover for third year running
John Heaney Electrical Limited (JHE), the West Lothian-based electrical, mechanical and HVAC firm, has posted a record turnover for the third year running following a series of significant contract wins.
The Livingston company's latest set of financial results to the year end December 2024 show an increased revenue of £11.5 million, up 51 per cent on the previous 12 months (£7.6m).
A strong performance across all departments saw the company mark its 35th year in operation as a limited company with a rise in profits to nearly £1m, sitting at £977,000, an increase of 79 per cent on last year.
The firm's core electrical division saw £6.6m of revenue, while facilities management grew from £1.5m to £2.4m. Cash in bank broke the £1m threshold at £1.9m, up 305 per cent (£470,000).
Welcoming the figures, Managing Director Mark Heaney (pictured) said: 'Twelve months ago we didn't expect revenues to reach the levels they did and a lot of hard work has gone in by a lot of people to get us into this position.
'Profit margins were also decent and that allowed us to have a positive increase in cash in the bank at year end. We have worked hard to create this solid foundation and the future is looking positive for the company going forward as we look to grow strategically, with a particular focus on new long-term contracts and building partnerships with major retail companies and blue-chip firms.
'Our order book is looking healthy and there are a number of exciting projects in the pipeline as we look to build on existing relationships.'
Staffing levels remained constant at the 60-mark, the company keen to continue investing in its employees.
'Our priority is to develop our own staff where possible and we will always look at upskilling our current workforce if that is something they express an interest in,' said Mr Heaney, who has been MD since 2016.
'We have a lot of staff who have been here for a long time, and I mean 20 or 30 years, and that reflects well on us a business. I like to think we provide a good working environment for people and that in turn helps them maintain our standards.'
The latest financial year saw Mr Heaney successfully complete a planned management buy-out of his parents, who set up the limited company in 1990, following seven years working as a sole trader.
'We had been working on the purchase of the shares for two years and it was an important milestone for us when it completed in November,' he added.
'The sector hasn't been without its challenges due to the financial climate and I'm proud of what we have achieved in the years the company has been running. We continue to grow and are positioned well to maintain that momentum. Credit to every staff member for the work they have put in and I'd like to give a big 'thank you' to everyone in the company, each has played their own part in our success to date.'
Like this:
Like
Related
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily Record
3 hours ago
- Daily Record
New Ryanair, easyJet and Wizz Air bag rules coming for Spain and Greece
The EU rule, which will apply to UK holidaymakers, will change the law on what you take onto a plane - and how much you pay The European Union is planning a change in the rules on carry-on bags on flights, which would cover planes flying between the UK and countries including Spain, Portugal, Greece, France and Italy. At the minute, some airlines charge passengers for each item they want to take aboard. Different airlines have different rules - meaning the size of the bag you can take aboard and how much it will cost you - is different each time. The new EU rule would set a specific size of bag you would be allowed to take on flights operated by companies like easyJet, Ryanair and Wizz Air. And the rule would stipulate that the take-on bag would be free, the airline would not be able to charge you extra to take a bag aboard the plane. The rule would change the confusion that see people being charged extra when they get to the airport for bags deemed too big, or too heavy. And people being charged for a bag by one airline but allowed to take it without additional fees by another. EU transport ministers this week proposed standardised sizing for free underseat baggage on EU airlines. It will become law if it is accepted by the European Parliament. The new rule would mean passengers are guaranteed one free personal item, measuring up to 40x30x15cm (including wheels and handles) - or which could reasonably fit under a plane seat. The rules would apply to EU-based airlines, including when they are carrying passengers from a non-EU country like the UK to an EU country and vice-versa. 11 years ago, an EU court ruled that hand baggage should not be subject to an additional fee so long as it is a reasonable size. But the ruling did not define 'reasonable'. Currently, Ryanair allows a free carry-on bag of 40x20x25cm, while easyJet's rules for a free bag are 45x36x20 cm, including wheels and handles. The new rule would cover under-seat bags, but does not currently mention bags you put in overhead lockers. In November, five airlines in Spain were fined £150million for 'abusive practices', including charging for hand luggage. Spain's Consumer Rights Ministry said it planned to ban charging extra for carry-on luggage. Ryanair told the BBC it fully complied with EU law. A spokesman said: "If airlines were forced to include additional carry-on bags as part of the basic fare, it would reduce choice and drive up air fares for all passengers, which would harm consumers." Industry group Airlines For Europe said charging different amounts depending on baggage "allows passengers to choose the exact services that best suits their needs". Travel consumer expert Jane Hawkes, told the BBC: "A one-size-fits-all kind of approach would make it a lot simpler for passengers."
Glasgow Times
4 hours ago
- Glasgow Times
Glasgow bathroom supplies business is now employee-owned
Wetrooms International Group, founded by brothers Brian and Bill Crombie in 2005, employs almost 80 staff, including those working in its Ceiling2Floor branches in Anniesland, Govan, and Kirkintilloch. The Rutherglen-based business has now become Scotland's newest employee-owned company, with the brothers retaining a 26 per cent share in its transition to an Employee Ownership Trust (EOT). Staff have celebrated being handed a greater stake in the firm's success as the business recorded a 20 per cent increase in turnover during the first quarter of 2025. Read more: Spider-Man 4 filming to take over Glasgow city centre this summer Brian said: "For us, this is about building a legacy for our team, recognising the loyalty of our staff. "Becoming an EOT was the logical step for us to take. "It makes sense for everyone. "Most of our staff have been with us for a long time and we have a great management team. "Becoming an EOT opens opportunities for our people to develop their careers, brings benefits to us and provides a level of comfort and confidence to the staff, suppliers and customers we work with that Bill and I are still here. "It's the ideal fit." Bill said: "The business is in a real period of growth with huge potential to expand significantly over the next five years. "We have the right team in place to achieve that." Trustees from the workforce will oversee the business as part of the new EOT structure. Wetrooms International was guided through the transition to employee ownership by Ownership Associates, with assistance from Reference Point Advisory and legal advice from Lindsays. Read more: Glasgow learning campus set to build 'stronger communities' thanks to grant Matthew McPhee, Anniesland branch manager at Ceiling2Floor, said: "Our transition to an EOT is a really positive step. "While it's business as usual for us and our customers, the change internally gives our management team greater involvement in the business operations, which is really exciting. "I'm looking forward to this new chapter." Nicholas Howie, a Glasgow-based partner in the corporate law team at Lindsays, said: "Brian and Bill's decision to transition to an EOT allows them to continue to play a key role in the future of the business while putting a legal and financial framework in place that creates a long-term legacy for their team. "It's the ideal fit for them." Carole Leslie, Ownership Associates director, said: "It's fantastic to see a growing business such as Wetrooms realise the positive impact of employee ownership, not least allowing the team who have helped deliver its success so far to retain control of its future and share the benefits."
Daily Mirror
5 hours ago
- Daily Mirror
New bag rule set to come for anyone flying to Spain, Portugal or Greece
The EU rule, which will apply to UK holidaymakers, will cover companies including easyJet, Ryanair, Wizz Air and TUI The European Union is planning a change in the rules on carry-on bags on flights, which would cover planes flying between the UK and countries including Spain, Portugal, Greece, France and Italy. At the minute, some airlines charge passengers for each item they want to take aboard. Different airlines have different rules - meaning the size of the bag you can take aboard and how much it will cost you - is different each time. The new EU rule would set a specific size of bag you would be allowed to take on flights operated by companies like easyJet, Ryanair and Wizz Air. And the rule would stipulate that the take-on bag would be free, the airline would not be able to charge you extra to take a bag aboard the plane. The rule would change the confusion that see people being charged extra when they get to the airport for bags deemed too big, or too heavy. And people being charged for a bag by one airline but allowed to take it without additional fees by another. EU transport ministers this week proposed standardised sizing for free underseat baggage on EU airlines. It will become law if it is accepted by the European Parliament. The new rule would mean passengers are guaranteed one free personal item, measuring up to 40x30x15cm (including wheels and handles) - or which could reasonably fit under a plane seat. The rules would apply to EU-based airlines, including when they are carrying passengers from a non-EU country like the UK to an EU country and vice-versa. 11 years ago, an EU court ruled that hand baggage should not be subject to an additional fee so long as it is a reasonable size. But the ruling did not define 'reasonable'. Currently, Ryanair allows a free carry-on bag of 40x20x25cm, while easyJet's rules for a free bag are 45x36x20 cm, including wheels and handles. The new rule would cover under-seat bags, but does not currently mention bags you put in overhead lockers. In November, five airlines in Spain were fined £150million for 'abusive practices', including charging for hand luggage. Spain's Consumer Rights Ministry said it planned to ban charging extra for carry-on luggage. Ryanair told the BBC it fully complied with EU law. A spokesman said: "If airlines were forced to include additional carry-on bags as part of the basic fare, it would reduce choice and drive up air fares for all passengers, which would harm consumers." Industry group Airlines For Europe said charging different amounts depending on baggage "allows passengers to choose the exact services that best suits their needs". Travel consumer expert Jane Hawkes, told the BBC: "A one-size-fits-all kind of approach would make it a lot simpler for passengers."
