K Rend's growth continues, turnover tops £32 million
K Rend (Kilwaughter Holdings Limited) has reported a strong year, with group revenue growing by 8.7 per cent from £29.9 million to £32.7 million for the year ending April 30, 2017. Pre-tax profits also rose by over a quarter to just under £10 million (£9.6 million), while the company reinvested £3.5 million into the business during the same period.
We at Amaroc have certainly seen the benefit of this reinvestment and have seen a steady increase in K Rend business over the past 2 years. One of the areas of noticeable investment is within marketing, K Rend now post Technical Video’s for their latest products, Customer portfolio’s and advertise trade events around the country.
The main reinvestment is of course innovation. We have seen a number of new products such as LW1 a Lightweight Scratch Render for External Insulation Systems and a Mineral top coat with quick drying times for winter working.
K Rend are certainly not stopping there, managing director Simon McDowell said Kilwaughter's success can be attributed to the firm's innovation and ability to capitalise on the UK's reinvigorated housebuilding sector and Ireland's agri-sector.
“Our vision is to build a long-term sustainable business by becoming the brand of choice across our various sectors and through ongoing investment.”
“Over the years we have developed a deep expertise in what is a niche industry with quality products, strong levels of customer service and reliable delivery throughout the UK and Ireland. K Rend is now the UK's largest independent silicone render manufacturer and Kilwaughter Lime processes and distributes white limestone throughout Ireland," Mr McDowell said.
In summary K Rend are a great company with ambition. If you're thinking of using K Rend or becoming an approved applicator its well worth a trip over to Larne in Northern Ireland to attend one of the regular training courses. Not only will you become an approved applicator, but also you will get a feel for how serious these guys are when it comes to research but more importantly how much K Rend invests in its people and community.
This is further demonstrated in its accounts, showing Kilwaughter made charitable donations of £200,000. Half of which has been directed towards supporting an innovative new bursary run by Queen's University Belfast. The Queen's Pathway Opportunity Programme is aimed at enabling young people who have the potential to study at Queen's but who are more likely to do so with the help of some additional financial support.