Wed, 22 Nov 2017 | ADMINISTRATION
Northern Irish construction company McMullen Facades has gone into administration following financial difficulties at its parent company.
McMullen makes and installs buildings' facades and have undertaken a number of high-profile projects including the Obel building (which is Belfast's tallest) and the city's Soloist building, as well as a number of other commercial projects in London.
The company employs 275 people and had a turnover of £37 million last year, but since its parent company, Lakesmere Group, went into administration earlier this month, the business has been struggling and, as a result, administrators from Deloitte have been brought in.
Peter Allen and Richard Hawes of Deloitte have been charged with finding a buyer for the business and discussions are ongoing.
McMullen is continuing to trade and there no redundancies have been made as a result of the administration.
“McMullen Facades Limited is a profitable business that unfortunately has been affected by cash flow issues in the wider Lakesmere group,” said Mr Allen.
“McMullen therefore has continued to trade outside of insolvency while a buyer was sought. The business will continue to trade while we seek to sell it as a going concern and there are ongoing discussions with a number of interested parties.”
This well-established company operates to NSI Gold standards, providing comprehensive security solutions including design, installation, and maintenance for systems such as intruder alarms, fire alarms, CCTV, and access control. With a strong supplie...
This well-established business offers a comprehensive range of residential services, from plumbing and heating to building maintenance, with a robust customer database and a reputation for excellence across major platforms. With trained heat pump ins...
This well-established independent garage, recognised as an RAC and AA-approved car servicing provider, presents a fantastic opportunity for large fleet operators looking to integrate a renowned maintenance and repair service with a diverse client bas...
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.