Latest news with #WestLothian-based
Scotsman
27-05-2025
- Business
- Scotsman
Heaney profits soar to £1m mark
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. Sign up to our daily newsletter Sign up Thank you for signing up! Did you know with a Digital Subscription to Edinburgh News, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... 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. Advertisement Hide Ad Advertisement Hide Ad 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). Positive: Mark Heaney. Welcoming the figures, Managing Director Mark Heaney 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.' Advertisement Hide Ad Advertisement Hide Ad Staffing levels remained constant at the 60-mark, the company keen to continue investing in its employees. Growth: Mark Heaney. '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, his father John having set up as a sole trader seven years earlier. Advertisement Hide Ad Advertisement Hide Ad '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.'
Scotsman
27-05-2025
- Business
- Scotsman
Heaney eyes further growth after record turnover
John Heaney Electrical (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. Sign up to our daily newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... 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. Advertisement Hide Ad Advertisement Hide Ad 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). Results: Mark Heaney. Welcoming the figures, Managing Director Mark Heaney 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.' Advertisement Hide Ad Advertisement Hide Ad Staffing levels remained constant at the 60-mark, the company keen to continue investing in its employees. Mark Heaney '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, his father John having set up as a sole trader seven years prior. Advertisement Hide Ad Advertisement Hide Ad '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.
Edinburgh Reporter
27-05-2025
- Business
- Edinburgh Reporter
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
Scottish Sun
20-05-2025
- Scottish Sun
Plans for new Scottish resort with 91 holiday homes rejected after abandoned site branded a ‘death trap'
Read on to discover exactly why the plans were shelved RETREAT BLOW Plans for new Scottish resort with 91 holiday homes rejected after abandoned site branded a 'death trap' Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) CONTROVERSIAL plans to turn an abandoned WWII airfield into a holiday destination have been grounded by the government. Developers wanted to transform Crail Airfield and build a hotel, museum and market hall amid claims the scheme would generate millions for the local economy. Sign up for Scottish Sun newsletter Sign up 2 Crail Airfield is a historic Cold War site located in Fife Credit: Fife Council They also wanted to include 91 holiday units and small business premises at the site near the popular coastal location in Fife. But locals refused to back the scheme to develop the historic airfield that last saw service in the Cold War. Crail Community Council said it could create a 'death trap' with an estimated 1,300 extra vehicles attempting to access the site each week. West Lothian-based Ground Developments were refused planning permission by Fife Council and went to the government in a bid to overturn the ruling. A government reporter has now rejected the scheme. An appeal document on the developer's behalf said: "The Economic Impact Assessment prepared for the application estimated that the site could generate hundreds of jobs for the area over the first 10 years and add millions of pounds to the local economy. "The appellant considers that this proposal might be one of the last chances to safeguard the future of a highly significant heritage site while bringing community benefits and economic opportunities for Crail, its local economy, and the airfield." Historic Environment Scotland describes Crail Airfield as 'the best-preserved example' of a Second World War Naval Airfield in Scotland. David Jerdan, chairman of Crail community council, said: "Most people agree the old airfield has turned into an eyesore and something needs to be done with it. 'But this is not the way. The Best Value Attraction In The UK Is Flamingo Land 'If we get much more traffic passing through the narrows, it's only a matter of time before someone gets injured or worse. 'It's a potential death trap.' There were over 200 objections to plans submitted to Fife Council for the planning application. Rejecting the plans, the council said: "In the interests of road safety and proper planning; the application proposal by virtue of its location, form and scale would result in an unacceptable impact upon road safety as a result of introducing a significant number of additional vehicular movements to the locality which would be considered excessive in the context of the capacity of the existing local roads/transport infrastructure." 2 Plans for a new Scots holiday resort were rejected by the government Credit: GDL Government reporter Sue Bell said: "I have taken account of the benefits of the proposals, including redevelopment of a brownfield site listed on the Scottish Vacant and Derelict Land Survey. "Potential benefits in terms of restoration and reuse of listed buildings cannot be secured through this application. "However, I do not consider that these benefits are sufficient to overcome the disbenefits of the scheme."
