Losses for façade specialist The Clarison Group


Façade specialist, The Clarison Group, has attributed losses reported in its latest financial statement as largely due to the pandemic. 

Credit: The Clarison Group.

“Although the group was loss making in the year, the directors are satisfied that a substantial portion of this loss is attributable to the residual impact of the Covid-19 pandemic,” said the company.  

It added: “The group is expected to deliver another record revenue performance in 2023, leading to a return to profitability and positive net asset position.” 

The cladding and glazing specialist reported a loss for the year ended 31 December 2022, after tax, of more than £7.7 million, building on a loss of £3.8 million in FY2021. 

Turnover for the year, however, was £84.8 million, up from £58.1 million in the previous financial period. 

Clarison’s net (current) liabilities at year end were reported at £4.5 million (FY2021: £5.3 million)  

The group also declared negative shareholders’ funds of £2.5 million (FY2021: £4.6 million). 

No dividends were declared in the financial period or the one prior.  

The Clarison Group brings together four brands in the field of building envelope technologies within Ireland and the UK – Alucraft Ireland Limited, Alucraft Systems UK, EAG and Williaam Cox. 

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