Hi-Spec Engineering, the company known for its diet feeders and slurry equipment, reported a loss of €256,332 for the year ended 31 December 2016. The business has accumulated profits of €3.1m.

Owned by the Nolan family, it does not disclose turnover for the year. Net assets were €9.8m at year end. The company, which manufacturers from Bagnelstown, Co Carlow, employed 44 people in 2016.

Established in 1988, Hi-Spec has a worldwide customer base, with its main markets throughout Europe, Russia, Iceland, New Zealand and South Africa.

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