Rehab unit loses ‘substantial’ contract worth €1m annually

Rehab Enterprises reports loss of contract with multinational company

Former Rehab chief executive Angela Kerins. Photograph: Cyril Byrne
Former Rehab chief executive Angela Kerins. Photograph: Cyril Byrne

A unit of the Rehab group lost a contract worth an annual €1 million earlier this year, it has emerged. Rehab Enterprises, which has activities in recycling and logistics, reported the loss of a “substantial” unspecified contract in accounts newly filed for 2013.

This division of Rehab had a turnover of €19.99 million last year and it incurred a pretax loss of €143,000. Rehab was embroiled in political controversy for months earlier this year, prompting the departure of its then chief Angela Kerins. A Rehab spokesman declined to identify who cancelled the contract.

“The customer in question is a multinational company, to which Rehab provided a logistics and storage service,” he said. “There has been a termination of contract as described in the accounts, and Rehab Enterprises is actively seeking to replace that business.”

Arthur Beesley

Arthur Beesley

Arthur Beesley is Current Affairs Editor of The Irish Times