G4S Support Services (Ireland) Ltd, a company principally involved in cleaning and vacant property services, has reported a pre-tax loss of €1.49 million for 2014, having reported a pre-tax profit of €257,627 the year before.

Accounts just filed show the company’s turnover fell to €6.94 million, having been €8.12 million in 2013. Staff costs for the year were €4.5 million, compared with €5.5 million in 2013, while the average number of staff employed fell to 343 from 418. The company describes itself as being involved in labour-intensive services.

While there was a fall in the cost-of-sales figure for 2014 as against the previous year, the figure for administrative expenses increased to €1.7 million from €1.5 million.

A company spokesman said the figures related to 2014 when it faced challenges in the Irish market and embarked upon on restructuring programme, which has subsequently led to improved business performance.

Redundancy costs

The company incurred redundancy costs during the year of €149,000 and restructuring costs of €649,000, with the latter including management costs from other group companies. Debtors included €2.7 million due from subsidiary undertakings.

The company is an immediate subsidiary of G4S Secure Solutions (Ire) Ltd while its ultimate parent is G4S plc, an English company quoted on the London Stock Exchange.

G4S Secure Solutions (Ire) Ltd, which filed its 2014 accounts earlier this year, reported a pre-tax loss of €1.1 million, and a slight drop in turnover to €72.39 million, from €71.97 million in 2013.

The accounts said the company, which provides security services, got increased turnover from technical services and less from manned services.