Established in Sandyford, Ethos Engineering provides mechanical and electrical consultancy services to the residential, commercial, retail, data centre, sports, leisure, micro-electronic, healthcare, educational, municipal, high tech and pharmaceutical sectors.
In FY19, Ethos Engineering saw revenue increase by 27.5% to c. €11.8m while EBITDA also increased by 24.5% to c. €2.6m. Gross margins were slightly down from 35% in FY18. Of that revenue figure, c.63% came from the Republic of Ireland and c.21% came from France.
Net cash increased by c. €419k to leave and ending balance of c. €2.1m. The biggest drain on cash was the c.€1.38m worth of dividends paid to shareholders.
The company had 80 employees in FY19 at a total cost of c. €5.4m. Gregory Hayden and Alisa Hayden together own 100% of Ethos Premier Holdings which is listed as the ultimate owner of Ethos Engineering Limited.