33 jobs at risk as mechanical business enters administration
THIRTY-THREE jobs are at risk after one of Northern Ireland’s oldest mechanical installation firms appointed an administrator to assess its options.
Family-owned company Maurice Stevenson Limited is based in Lurgan’s Annesborough Industrial Estate.
It employs 33 people and has been in business for nearly 100 years.
A spokeswoman said the death of company director David Stevenson in 2012 had been compounded by a series of challenges in the industry.
The spokeswoman said: “In recent years, the company has experienced a number of financial challenges following a downturn in the sector generally, resulting in contractors going into insolvency with consequential bad debts, compounded by increasingly tight margins and the marked reduction in public sector works orders.”
The spokeswoman added that Mr Stevenson’s widow Alison best efforts to keep the business going “could not overcome the toughening market conditions”.
Mrs Stevenson said: “It is with the deepest of regret that we find ourselves having to place the company into administration.
“I want to pay a heartfelt tribute to current and former staff who have worked hard and demonstrated immense loyalty to this firm and our family down through the years.”
The administrator, Gerard Gildernew, is now to investigate whether a buyer can be found for the business. The spokeswoman said interested parties should get in touch with Mr Gildernew in Dungannon.