In today’s business world, it’s not uncommon for companies to make substantial profits. However, one company in particular has caught many people’s attention for the staggering amount of money it raked in during a single year. It just so happens that the owner of this company is none other than TD Michael Healy-Rae. The Irish politician’s company has made headlines for its financial success, leaving many wondering how it managed to achieve such impressive results. In this article, we’ll delve into the details of Healy-Rae’s company and explore the factors that contributed to its mind-boggling profits.
The plant hire company owned by well-known Co Kerry TD Michael Healy-Rae saw its accumulated profits rise to €692,609 last year, according to new accounts filed by Roughty Plant Hire Ltd. This represented an increase of €90,333 from the previous year. The company received Government grants of €101,602 during the year, having previously received €38,993. Four members of the Healy-Rae family, including Michael Healy-Rae, serve as directors of the company. During the year in question, the firm’s cash holdings rose from €198,206 to €226,158 and its tangible assets were worth €394,772. It also expanded its workforce from six to nine.
In conclusion, the news of TD Michael Healy-Rae’s company, Healy-Rae Plant Hire Ltd, raking in an eye-watering amount in a single year has certainly raised eyebrows and sparked conversations nationwide. While some may question the ethics and propriety of a public servant owning a company that generates such high profits, others may argue that Healy-Rae, being an entrepreneur in his own right, has every right to pursue business ventures outside of his political career. Regardless of where one lands on this issue, what is undeniable is that the Irish political landscape continues to evolve and transform, challenging traditional notions of what it means to be a public representative in today’s society.
