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Dawson Wam’s registered workplace is in Bedfordshire in southeast England however its headquarters are close to Belfast, in Northern Eire.
Regardless of a stellar monetary efficiency in 2022, the form of the enterprise is now beneath assessment.
Within the yr to 31st December 2022, Dawson Wam grew income by greater than 50% to £46.m (2021: £24.2m), because of new contract wins in each mainland Britain and Northern Eire, coupled with the beginning of labor held over from earlier years due to covid.
A give attention to increased margin work led to almost threefold earnings development, reaching £4.5m earlier than tax (2021: £1.7m).
Nonetheless, proprietor and managing director Dennis McGall writes within the firm’s annual accounts, filed final week: “The persevering with points arising from Britain’s withdrawal from the European Union and the implementation of the Northern Eire Protocol has had some impression on the conduct of our enterprise in Northern Eire. The results embrace:
- Uncertainty over funding for future contracts in Northern Eire as a result of present suspension of the Northern Eire authorities at Stormont with infrastructure finances ranges unsure
- The refusal of some suppliers in mainland Nice Britain to provide good to Northern Eire
- Extra costs for items to cowl further administration and transportation prices
- Delays in supply of products to web site attributable to the additional checks being made on items getting into Norther Eire from mainland Nice Britain.
“The corporate will proceed to assessment the consequences that the Northern Eire Protocol is having on our enterprise in Northern Eire and should alter its enterprise profile within the province if the persevering with uncertainty seems more likely to have an effect on its profitability.”
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