The Healy Rae family has been a prominent force in Irish politics for generations, but in recent years they’ve made their mark in business as well. The Healy Rae firm, which started out as a small livestock operation, has seen a significant increase in profits in recent years. In this article, we’ll take a closer look at how this family business has adapted to changing times and capitalized on new opportunities, highlighting the factors behind its impressive success.
Last year, the plant hire company owned by Independent Kerry TD Michael Healy Rae saw an increase in accumulated profits to €692,609, according to newly filed accounts by Roughty Plant Hire Ltd. The accounts show that accumulated profits rose by €90,333 in the 12 months ending in April, compared to a post-tax loss of €13,641 in the previous year. The accounts reveal that the firm received government grants of €101,602 during the year, in addition to €38,993 received in fiscal 2021. While the nature of the grants is not disclosed, separate figures published by Revenue indicate that the company received government Covid-19 wage supports in 2021 and the first quarter of 2022. The firm is one of four where Mr Healy Rae serves as a director, with the most recently established being property management firm Roughty Properties Ltd. In addition to his business interests, Healy Rae lists himself as a postmaster, farmer, service station owner, politician, and owner of rental properties, which include 16 properties for letting, 12 of which are houses, four with Killarney addresses and two in Tralee. He also has 104 acres of farmland forestry and owns shares in the New York Times Company. Roughty Properties Ltd provides accommodation to Ukrainians in a guest house in Tralee, according to the Department of Integration records. The board of the firm is composed of Michael Healy Rae, his wife Eileen, and his sons Ian and Kevin. The directors’ pay nearly doubled year-on-year from €47,681 to €87,582.
In conclusion, the Healy Rae firm has experienced tremendous growth and success, with a significant increase in profits in recent years. This achievement can be attributed to their hard work, determination, and innovative business strategies. As they continue to expand their business and offerings, we can expect to see even more impressive results from this dynamic company. It’s clear that the Healy Rae firm is a force to be reckoned with in the business world, and we look forward to following their journey and future success.
