Wirral refrigeration and air conditioning firm Brooktherm Refrigeration sees annual pre-tax profits fall from £1.1m to just over £500,000 – but is optimistic about its prospects. Tony McDonough reports

Wirral refrigeration and air conditioning firm Brooktherm Refrigeration is upbeat about its prospects despite lower revenues and plummeting profits.

Customers of Brooktherm, which employs around 100 people in Wallasey, have included the Cammell Laird shipyard in Birkenhead and global dairy company Arla. It provides industrial refrigeration and air conditioning services.

In its accounts for the 12 months to March 31, 2026, published on Companies House, Brooktherm revealed an 8% fall in revenues to £20.3m. Pre-tax profits plunged from £1.1m in the previous year to £527,945.

Writing in Brooktherm’s annual report, managing director Valerio Micali said: “Principal risks to the company continue to be uncertainty within the industry but despite this uncertainty, the company anticipates further growth and turnover and profitability in the future.”

Established in 2000, Brooktherm is a leading UK operator in its sector. In November 2023 owners and directors Jamie Keating and Daniel Keating agreed to sell the business for an undisclosed sum.

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Italian industrial giant Daikin Applied Europe bought Brooktherm via its UK subsidiary Daikin Applied (UK). Daikin Applied Europe has an annual turnover of around £370m and owns a number of businesses across Europe. It, in turn, is a subsidiary of Japanese multinational Daikin Industries.

Employing more than 96,000 people at 100 production sites, serving customers in more than 170 countries, Daikin Industries generates annual revenues of more than £20bn.