3 days ago
- Business
- Irish Independent
Owners of Galway firm that provides services for IP applicants share €5.6m dividend
Alan Connolly and Conor Nolan, both from Ballinasloe, in Co Galway, each own 50pc of Allpro Security Services Ireland Ltd through their Be Rite Group Ltd.
New accounts show that Allpro Security Services Ireland Ltd declared a dividend to Be Rite Group Ltd of €5.68m last year, which works out at a dividend payout of €2.84m each for the co-owners.
Pre-tax profits at Allpro Security Services Ireland Ltd increased from €1.6m to €12.28m in the 12 months to the end of March 2024.
The surge in profits followed revenues increasing from €15.85m to €44.3m over the period.
The company recorded post-tax profits of €10.56m after incurring a corporation tax charge of €1.62m.
The directors say that the principal activity of the company is the provision of security, cleaning services and facilities.
Figures previously provided by the Department of Integration show that in the first quarter of this year, Allpro Security Services Ireland received €6m, including Vat, through state contracts.
This followed the firm receiving €14.59m for the second half of 2024 from the Department of Integration for providing services in the IP and Ukrainian accommodation sectors.
The payout to Allpro Security Services was part of an overall spend on accommodation for IP applicants and Ukrainians totalling €1.84bn for 2024.
A spokesman for the Department of Justice, Home Affairs and Migration confirmed that Allpro Security Services Ireland Ltd 'is contracted to provide services at three state-owned sites'.
'These are Columba Barracks, the Central Mental Hospital Dundrum and Kilbride army camp,' he said.
'It also provides services to commercial providers at Synge Street and Mount St Mary's.'
Allpro Security Services Ltd also provided the facilities management services at the Emmaus Centre in Swords, Co Dublin, which provided accommodation to people fleeing the war in Ukraine until the end of May 2025.
'The department is working with Allpro Security Services Ireland Ltd to return this building to the Christian Brothers, which involves refurbishing this property to its condition prior to the licence commencement.'
