Tue, 07 Feb 2017 | ADMINISTRATION
Administrators appointed to a collapsed family-run mechanical installation firm are seeking a buyer for the company.
Maurice Stevenson Ltd, based in County Armagh, Northern Ireland, was placed into administration at the end of last month.
The company, which employs 33 staff and has been in operation for 95 years, said it had faced difficult market conditions and had been affected by the death of its company head, David Stevenson, five years ago.
Maurice Stevenson has been run by three generations of the Stevenson family. The firm installs heating and ventilation services and provides facilities management for the healthcare, education and local government sectors.
Alison Stevenson, David Stevenson’s widow, 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."
In a statement, the company said it had seen a drop in public sector orders, tight margins and a general downturn in its sector.
"The death of the company head, David Stevenson, in 2012 created significant challenges for his widow whose best efforts to keep the business going could not overcome the toughening market conditions", the firm added.
Administrators Gildernew & Co are to work with the firm's directors on finding a buyer.
Find the latest businesses in administration.
This a unique opportunity to acquire a thriving business in the growing telecare market, providing 4G personal alarms with a 24/7 monitored emergency response for the elderly and vulnerable.
RELOCATABLE
This established and ready-to-scale e-commerce furniture business offers unique design-led mid-market products and boasts strong relationships with major UK retailers.
This is a rare chance to acquire a thriving Italian restaurant in a prime Liverpool city centre location, known for its authentic cuisine and warm atmosphere that keeps customers returning.
LEASEHOLD
Looking for more businesses? Try our off-market tool.
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.