Based in Galway, Barr Madra Limited is a highly specialised unified network solutions provider.The business primarily sells, installs and maintains IT networks and provides connectivity solutions to customers in Ireland, the UK and the EU. Barr Madra has a number of subsidiaries including PlanNet 21 Communications, Agile Networks, amongst others.
In its latest fiscal year, the company saw revenue decrease by 1.7% to c. €40.3m while EBITDA increased by 12.2% to c. €6.7m. Gross margins increased c. 5% to 37% in FY19 due a marginal reduction in the cost of sales.
The company had a net cash increase of c. €4.9m leaving an ending cash balance of c.€19.08m. The most significant cash movement was the €1.29m spent on acquiring a new business.
The company employed an average of 99 people in FY19 at a cost of c.€8.29m .Barr Madra Limited is owned by Peter Carroll (38.7%), Michael Hannon (31.3%), Denise Tormey (10%), Sean Ruane (10%), Naomi Mulchrone (5.8%) and Eyesp (Ireland) Limited (4.2%)