Its latest accounts show that turnover rose to €44.5 million, from €42.8 million in 2006. The company described 2007 as "a difficult trading year" and said that the outlook for this year was uncertain.

According to the firm's accounts: "The main uncertainty for 2008 is the Irish economy. The company experienced a decline in volumes since October 2007.

"This is principally due to a general slowdown in the economy, and more particularly in the building sector."

After paying interest and taxes, the firm made a profit of €3 million, bringing its accumulated profits to €24.7 million. By the year end, it had tangible assets of €53.9 million and owed €25.1 million in bank loans and finance leases.