JOHN Heaney Electrical Limited (JHE), the Livingston-based electrical, mechanical and HVAC firm, has recorded a 51% increase in turnover to £11.5 million for the year ended December 2024.
This represents a record turnover for the third year running following a series of major contract wins.
The firm hailed a ‘strong’ performance across all departments as it marked its 35th year in operation as a limited company with a rise in profits to nearly £1 million – an increase of 79%.
The electrical division saw £6.6 million of revenue, while facilities management grew from £1.5 million to £2.4 million. Cash in bank broke the £1 million threshold at £1.9 million – up 305%.
MD 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.”
Staffing levels remained constant at the 60-mark, with 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,” added Mr Heaney. “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 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 said. “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.”
