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Laing O'Rourke trio share £20.5m payout as profits at private building firm dip

By Alex Hawkes, Financial Mail on Sunday

Updated: 07:39 EDT, 10 August 2014

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Profits fall: Laing has just finished building the Cheesegrater (pictured)

The three shareholders behind Laing O’Rourke have split a £20.5million payday as profits at the UK’s largest private building firm dipped.

The company is thought to be owned by chairman Ray O’Rourke, brother Des and former director Bernard Dempsey.

But the precise shareholding is obscure since it is owned by a network of offshore companies and trust structures.

The dividend is the first payout its shareholders have received since 2012, when the company paid out £8.8million.

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Profits were £51.9million in the year to the end of March 2014, compared with £57million the previous year.

Laing has just finished building the Cheesegrater, the British Land-owned skyscraper opposite Lloyd’s of London.

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