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A strong performance from John Heaney Electrical Limited’s (JHE) facilities management division has helped the company post a record turnover of £11.5 million in its latest set of financial results.
This marks the third year running that the West Lothian-based electrical, mechanical and HVAC firm has produced record revenues.
An important aspect of the company’s financial performance for the year end December 2024, was its FM department which saw sales increase by £900,000 from £1.5 million to £2.4 million. The increased revenue of £11.5 million was up 51 per cent on the previous 12 months (£7.6 million).
A strong performance across all departments saw the firm mark its 35th year in operation as a limited company with a rise in profits to nearly £1 million, sitting at £977,000, an increase of 79 per cent on last year.
The firm’s core electrical division saw £6.6 million of revenue. Cash in bank broke the £1 million threshold at £1.9 million, up 305 per cent (£470,000).
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.”
Staffing levels remained constant at the 60-mark, the company is keen to continue investing in its employees.
Heaney continued: “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. 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.”
The latest financial year saw 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.
Heaney added: “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. 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.”
JHE recently appointed John Cowan as its new FM Operations Director. He steps up to the senior position after four years as FM Operations Manager.
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