33 jobs at risk as me­chan­i­cal busi­ness en­ters ad­min­is­tra­tion

Belfast Telegraph - Business Telegraph - - News - BY MAR­GARET CAN­NING

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.

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