Masterair turnover increases by 11 per cent in nine months
By Maurice Garvey
TALLAGHT engineering company Masterair saw their turnover increase by 11 per cent in the first nine months of 2020, due to the need for upgraded ventilation at hospitals and schools.
Based in Whitestown Business Park, Masterair provides commercial and industrial buildings with heating, cooling and ventilation systems.
Masterair’s turnover increased by 11 per cent
The company said turnover for the first nine months of its fiscal year rose 11 per cent to €7.1m as the need for Covid-19 infection control boosts demand for upgrading mechanical ventilation in hospitals and for hot water for hand-washing in schools.
While the first national lockdown meant three months of inactivity for its fiscal first quarter to the end of June, the start of July ushered in “an unexpected high demand for service”, joint managing director Shay O'Connell told the Sunday Independent.
“During the first week of July, there was a rush of hospitals and schools preparing for a reopening,” he said.
“One of the significant uptakes was from 50 schools in Dublin that we maintain hot water systems for. After that, ventilation became a focus. European policy and directives had changed and from the manufacturers’ perspective, ventilation had to operate on a full fresh air basis to mitigate potential risks.”
Founded in 1989, Masterair Services Ltd was originally established to provide a comprehensive service and preventative maintenance option to purchasers of air handling equipment and controls manufactured by the company.
In 2015, O’Connell and Aidan Conway led a management buyout of the company, which is now rebranding to Mastertech.
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