Danny Healy-Rae's firm makes record €1.07 million profit

A business owned by a politician has enjoyed a record €1.07 million profit.

New figures lodged with the Companies Office by Healy-Rae Plant Hire Ltd, which is owned by Independent TD Danny Healy-Rae show that the firm’s 2021 post tax profits increased by 44 per cent, or €326,979, from 2020.

This has resulted in the company’s accumulated profits rising from €2.58 million to €3.65 million at the end of December last.

While the company’s cash funds last year decreased from €2.02 million to €993,714, pay for directors increased by €3,000 from €30,000 to €33,000.

In addition, the book value of the company’s tangible assets saw a rise of €2 million, which is up from €1.3 million.

Also on the company's board is Deputy Healy-Rae's wife, Eileen, and their 37-year-old son, Johnny, who is in charge of the day-to-day operations of the business.

BreakingNews.ie pointed out that, according to the register of members’ interests at Dáil Eireann, there are multiple occupations listed for Deputy Healy-Rae.

Deputy Healy Rae has shares in the Kerry Group plc and also owns 50 acres of farmland at Fossa, 38 acres of farmland at Gullaba and three acres of farmland at Gortnaboul.

All of these lands are located in Kilgarvan, County Kerry.

The register also confirms that the Healy Rae company has contracts with Kerry County Council, Irish Water and Bus Éireann.

As for occupations, Deputy Healy-Rae is listed as working as a publican, a farmer, and also in bus hire and plant hire, in addition to his Dáil duties.